OneWater Marine (ONEW) Reports Q1 Loss, Tops Revenue Estimates

Company Performance - OneWater Marine reported a quarterly loss of $0.54 per share, which was better than the Zacks Consensus Estimate of a loss of$0.94, representing an earnings surprise of 42.55% [1] - The company posted revenues of $375.81 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 12.17$364.01 million year-over-year [2] - Over the last four quarters, OneWater Marine has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Outlook - OneWater Marine shares have declined approximately 11.7% since the beginning of the year, contrasting with the S&P 500's gain of 2.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of$483.47 million, and for the current fiscal year, it is $1.33 on revenues of$1.8 billion [7] - The estimate revisions trend for OneWater Marine is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [6] Industry Context - The Leisure and Recreation Products industry, to which OneWater Marine belongs, is currently ranked in the bottom 23% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact OneWater Marine's stock performance [5]