
OneWater Marine (ONEW) Stock Forecast & Price Target
OneWater Marine (ONEW) Analyst Ratings
Bulls say
OneWater Marine Inc is poised for potential growth, with projected sales increasing by 2.5% to $1.82 billion, driven by improvements in gross and operating margins, resulting in an anticipated AEBITDA of $91 million, reflecting a 16% year-over-year growth. The company's inventory position is also showing positive trends, as it aims to reduce inventory levels by approximately 10% year-over-year by the end of fiscal year 2025. Additionally, the robust deal pipeline indicates ongoing opportunities for mergers and acquisitions that could further support OneWater Marine’s growth strategy amid a recovering industry demand trend.
Bears say
OneWater Marine Inc reported an 8.5% decrease in revenues for the full year, totaling $1.78 billion, with financial results for FY4Q missing market expectations due to challenging market conditions heightened by the impact of Hurricane Helene. The gross margin further declined to 24.0%, trailing both previous estimates and the three-year average, with new boat gross margins plunging to 16.3%, indicating ongoing difficulties in the sector. Preliminary guidance for FY2025 reflects caution, as the company faces a significant industry downturn characterized by a 10% decline in retail unit sales, compounded by decreased consumer affordability and a strong destocking trend.
This aggregate rating is based on analysts' research of OneWater Marine and is not a guaranteed prediction by Public.com or investment advice.
OneWater Marine (ONEW) Analyst Forecast & Price Prediction
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