RV Manufacturer Winnebago (NYSE:WGO) will be reporting results tomorrow before the bell. Here’s what to expect.
Winnebago missed analysts’ revenue expectations by 1% last quarter, reporting revenues of $720.9 million, down 6.5% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations.
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 decline 11.9% year on year to $672.2 million, improving from the 19.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 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 five times over the last two years.
Looking at Winnebago’s peers in the industrials segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Worthington’s revenues decreased 8.1% year on year, meeting analysts’ expectations, and Lennar reported a revenue decline of 9.3%, falling short of estimates by 1.7%. Worthington traded up 10.2% following the results.
Read our full analysis of Worthington’s results here and Lennar’s results here.
Inflation has progressed towards the Fed’s 2% goal as of late, leading to strong stock market performance. Recent rate cuts and the 2024 Presidential election's conclusion added further sparks to the market, and while some of the industrials stocks have shown solid performance, the group has generally underpeformed, with share prices down 4.3% on average over the last month. Winnebago is down 9.8% during the same time and is heading into earnings with an average analyst price target of $65.40 (compared to the current share price of $51.70).
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