The low valuation multiples for value stocks provide a margin of safety that growth stocks rarely offer.
However, the challenge lies in determining whether these cheap assets are genuinely undervalued or simply on sale due to their potentially deteriorating business models.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the automotive and marine retail stocks, including OneWater (NASDAQ:ONEW) and its peers.
Auto parts and accessories retailer O’Reilly Automotive (NASDAQ:ORLY) will be reporting results tomorrow after the bell. Here’s what investors should know.
Boat and marine products retailer OneWater Marine (NASDAQ:ONEW) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.2% year on year to $375.8 million. On the other hand, the company’s full-year revenue guidance of $1.78 billion at the midpoint came in 1.7% below analysts’ estimates. Its non-GAAP loss of $0.54 per share was 36% above analysts’ consensus estimates.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at MarineMax (NYSE:HZO) and its peers.
What a brutal six months it’s been for OneWater. The stock has dropped 47.1% and now trades at $16.13, rattling many shareholders. This was partly due to its softer quarterly results and might have investors contemplating their next move.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how automotive and marine retail stocks fared in Q3, starting with OneWater (NASDAQ:ONEW).
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Walgreens (NASDAQ:WBA) and the best and worst performers in the consumer retail industry.
Boat and marine products retailer OneWater Marine (NASDAQ:ONEW) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 16.2% year on year to $377.9 million. The company’s full-year revenue guidance of $1.78 billion at the midpoint came in 6.1% below analysts’ estimates. Its non-GAAP loss of $0.36 per share was significantly below analysts’ consensus estimates.
MarineMax shares surged as OneWater Marine reportedly in acquisition talks with a $40 per share all-cash offer. An official announcement is expected soon, although the deal is not yet finalized.
