Why OneWater Marine Stock Ran Aground Tuesday
OneWater(ONEW) The Motley Fool·2024-07-31 01:10
OneWater stock got a lot cheaper today, and history suggests it could be a buy.Shares of recreational boat and yacht retailer OneWater Marine (ONEW -15.76%) fell 14.1% through 12:30 p.m. ET Tuesday after badly underperforming analyst forecasts for the company's fiscal Q3 2024.Heading into the quarter, Wall Street had OneWater Marine pegged for a $2.12-per-share "adjusted" profit on $608 million in sales. But OneWater earned just half what it was supposed to -- $1.05 per share -- as sales fell deeply short a ...