Boat and marine products retailer OneWater Marine (NASDAQ:ONEW) will be announcing earnings results tomorrow before market open. Here’s what investors should know.

OneWater beat analysts’ revenue expectations by 11.7% last quarter, reporting revenues of $375.8 million, up 3.2% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting OneWater’s revenue to grow 1.9% year on year to $497.5 million, a reversal from the 6.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.34 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, some have already reported their Q1 results, giving us a hint as to what we can expect. MarineMax delivered year-on-year revenue growth of 8.3%, beating analysts’ expectations by 8.8%, and Camping World reported revenues up 3.6%, falling short of estimates by 1%. MarineMax traded up 18.9% following the results.

Read our full analysis of MarineMax’s results here and Camping World’s results here.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the automotive and marine retail stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.9% on average over the last month. OneWater is down 8.9% during the same time and is heading into earnings with an average analyst price target of $17.50 (compared to the current share price of $14.74).

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