OneWater Marine’s Stock Soars Amid Strategic Optimism
OneWater Marine (ONEW) shares surged 10.1% in the last trading session, ending at $25.81. This increase is linked to a substantial trading volume, indicating more shares were exchanged than usual. Over the past four weeks, the stock has seen an 11% rise.
Cost-Cutting and M&A Boost Investor Confidence
The recent rally in OneWater’s stock reflects investors’ optimism regarding the company’s cost-cutting initiatives and strategic inventory reductions. In addition, a promising mergers and acquisitions pipeline strengthens confidence in the company’s strategy for fiscal 2025, potentially fueling further stock momentum.
Upcoming Earnings May Present a Mixed Picture
OneWater is anticipated to announce quarterly earnings of $0.08 per share, representing a significant decrease of 81% compared to last year. Revenue expectations stand at $417.8 million, down 7.4% from the previous year’s quarter.
Earnings Estimate Revisions Could Influence Future Movements
While earnings and revenue expectations are critical for assessing a stock’s strength, research indicates that trends in earnings estimate revisions often correlate with near-term stock price movements. For OneWater Marine, the consensus EPS estimate has dropped 12% in the last 30 days. A negative trend in earnings revisions typically does not lead to stock price appreciation, so investors should monitor ONEW to see if this recent price jump indicates future strength.
Current Stock Ranking and Related Companies
Currently, OneWater Marine has a Zacks Rank of #3 (Hold). In the same industry, Victoria’s Secret (VSCO) closed the last trading session up 2.4% at $33.12, showing a strong 32% return in the past month.
Victoria’s Secret has an unchanged consensus EPS estimate of -$0.68 for its upcoming report, reflecting a year-over-year increase of 20.9%. This company also holds a Zacks Rank of #3 (Hold).
Future Prospects in Nuclear Energy
The demand for electricity continues to rise sharply, prompting a shift away from fossil fuels. As a potential alternative, nuclear energy may be poised for a significant comeback. Leaders from the United States and 21 other countries have committed to tripling global nuclear energy capacity, which could result in large profits for related stocks.
Our report, Atomic Opportunity: Nuclear Energy’s Comeback, delves into the key players and technologies behind this transition, highlighting three standout stocks that might benefit significantly. Download the report for free today.
For those interested in the latest recommendations from Zacks Investment Research, you can also download “5 Stocks Set to Double” for free.
OneWater Marine Inc. (ONEW): Free Stock Analysis Report
Victoria’s Secret & Co. (VSCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
