OneWater Marine (ONEW) Stock Sinks As Market Gains: What You Should Know

OneWater Marine (ONEW) Stock Sinks As Market Gains: What You Should Know
This story originally appeared on Zacks

OneWater Marine (ONEW) closed at $60.40 in the latest trading session, marking a -0.93% move from the prior day. This change lagged the S&P 500’s daily gain of 0.64%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.46%.

OneWater Marine (ONEW) Stock Sinks As Market Gains: What You Should Know – Zacks

Heading into today, shares of the company had gained 20.52% over the past month, outpacing the Consumer Discretionary sector’s gain of 1% and the S&P 500’s gain of 4.56% in that time.

Wall Street will be looking for positivity from OneWater Marine as it approaches its next earnings report date. On that day, OneWater Marine is projected to report earnings of $1.19 per share, which would represent year-over-year growth of 67.61%. Our most recent consensus estimate is calling for quarterly revenue of $255.78 million, up 19.48% from the year-ago period.

Looking…

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