RV Manufacturer Winnebago (NYSE: WGO) will be reporting earnings this Wednesday before market hours. Here’s what you need to know.
Winnebago beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $620.2 million, down 11.9% year on year. It was a strong quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ EPS estimates.
Is Winnebago a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Winnebago’s revenue to be flat year on year at $784.8 million, improving from the 12.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.79 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. Winnebago has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Winnebago’s peers in the industrials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. KB Home’s revenues decreased 10.5% year on year, beating analysts’ expectations by 1.6%, and Lennar reported a revenue decline of 4.4%, topping estimates by 1.1%. Lennar traded down 4.4% following the results.
Read our full analysis of KB Home’s results here and Lennar’s results here.
Investors in the industrials segment have had steady hands going into earnings, with share prices up 1.8% on average over the last month. Winnebago is down 7.1% during the same time and is heading into earnings with an average analyst price target of $43.33 (compared to the current share price of $31.89).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
