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Compared to Estimates, OneWater Marine (ONEW) Q4 Earnings: A Look at Key Metrics
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OneWater Marine (ONEW - Free Report) reported $377.86 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 16.2%. EPS of -$0.36 for the same period compares to $0.42 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $417.8 million, representing a surprise of -9.56%. The company delivered an EPS surprise of -550.00%, with the consensus EPS estimate being $0.08.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how OneWater Marine performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- New boat: $216.74 million versus the two-analyst average estimate of $241.85 million. The reported number represents a year-over-year change of -18%.
Revenues- Service, parts & other: $76.27 million compared to the $79.70 million average estimate based on two analysts. The reported number represents a change of -6.7% year over year.
Revenues- Finance & insurance income: $11.47 million versus $12.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -12% change.
Revenues- Pre-owned boat: $73.37 million versus $88.40 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -20.1% change.
Gross Profit- New boat: $35.40 million versus the two-analyst average estimate of $41.05 million.
Gross Profit- Service, parts & other: $29.72 million versus the two-analyst average estimate of $31.90 million.
Gross Profit- Finance & insurance income: $11.47 million versus the two-analyst average estimate of $12.70 million.
Gross Profit- Pre-owned boat: $14.06 million versus $17.20 million estimated by two analysts on average.
Shares of OneWater Marine have returned +1.7% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, OneWater Marine (ONEW) Q4 Earnings: A Look at Key Metrics
OneWater Marine (ONEW - Free Report) reported $377.86 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 16.2%. EPS of -$0.36 for the same period compares to $0.42 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $417.8 million, representing a surprise of -9.56%. The company delivered an EPS surprise of -550.00%, with the consensus EPS estimate being $0.08.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how OneWater Marine performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- New boat: $216.74 million versus the two-analyst average estimate of $241.85 million. The reported number represents a year-over-year change of -18%.
- Revenues- Service, parts & other: $76.27 million compared to the $79.70 million average estimate based on two analysts. The reported number represents a change of -6.7% year over year.
- Revenues- Finance & insurance income: $11.47 million versus $12.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -12% change.
- Revenues- Pre-owned boat: $73.37 million versus $88.40 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -20.1% change.
- Gross Profit- New boat: $35.40 million versus the two-analyst average estimate of $41.05 million.
- Gross Profit- Service, parts & other: $29.72 million versus the two-analyst average estimate of $31.90 million.
- Gross Profit- Finance & insurance income: $11.47 million versus the two-analyst average estimate of $12.70 million.
- Gross Profit- Pre-owned boat: $14.06 million versus $17.20 million estimated by two analysts on average.
View all Key Company Metrics for OneWater Marine here>>>Shares of OneWater Marine have returned +1.7% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.