Benchmark Co. analyst Michael Albanese maintains $OneWater Marine (ONEW.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 31.3% and a total average return of -29.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $OneWater Marine (ONEW.US)$'s main analysts recently are as follows:
Following OneWater Marine's fiscal Q4 results, which showed a miss against Street estimates and year-over-year declines due to difficult market conditions exacerbated by Hurricane Helene, expectations remain cautious for the start of FY25, prompting a reduction in estimates. Nevertheless, there is anticipation of an improvement in trends by the second half of the year, and with the shares currently trading near multi-year lows, the outlook remains positive.
OneWater Marine's fourth-quarter results fell short, and the outlook for FY25 was positioned below consensus due to the impacts from Hurricanes Helene and Milton, in addition to a challenging retail climate. While there may be emerging positive signs, a cautious stance is maintained regarding the marine cycle. It is believed that near-term cycle volatility may present favorable opportunities for capital deployment.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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