Boat and marine products retailer OneWater Marine (NASDAQ: ONEW) will be announcing earnings results this Thursday before market hours. Here’s what to expect.

OneWater beat analysts’ revenue expectations by 12.5% last quarter, reporting revenues of $460.1 million, up 21.8% year on year. It was a softer quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ EBITDA estimates.

Is OneWater a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting OneWater’s revenue to grow 1.7% year on year to $382.2 million, slowing from the 3.2% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.58 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. OneWater has missed Wall Street’s revenue estimates five times over the last two years.

Looking at OneWater’s peers in the automotive and marine retail segment, only CarMax has reported results so far. It beat analysts’ revenue estimates by 3.3%, posting year-on-year sales declines of 6.9%. The stock was down 6.3% on the results.

There has been positive sentiment among investors in the automotive and marine retail segment, with share prices up 4% on average over the last month. OneWater is up 29.3% during the same time and is heading into earnings with an average analyst price target of $15.75 (compared to the current share price of $13.78).

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