OneWater MarineNASDAQ: ONEW

The latest figures for OneWater Marine (ONEW) provide a glimpse into the company's performance in the March 2024 quarter, but it could be beneficial to analyze its important metrics against Wall Street predictions and last year's results.

OneWater (ONEW) is planning to purchase Garden State Yacht Sales in order to grow its footprint in the Mid-Atlantic US region and enhance its range of products.

OneWater Marine: Solid Business With M&A Strategy Priced Attractively

OneWater Marine's (ONEW) fiscal first-quarter margins are impacted by seasonal shifts in volume, mix and size of boats sold and lower revenues from higher-margin businesses.

OneWater Marine Inc. (ONEW) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for OneWater Marine (ONEW) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Beyond analysts' top -and-bottom-line estimates for OneWater Marine (ONEW), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

The heavy selling pressure might have exhausted for OneWater Marine (ONEW) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

OneWater Marine Inc. (NASDAQ:ONEW ) Q4 2023 Earnings Conference Call November 16, 2023 8:30 AM ET Company Participants Jack Ezzell - Chief Financial Officer Austin Singleton - Chief Executive Officer Anthony Aisquith - President and Chief Operating Officer Conference Call Participants Michael Swartz - Truist Securities Craig Kennison - R.W. Baird Griffin Bryan - D.A.