RV Manufacturer Winnebago (NYSE: WGO) will be reporting results this Wednesday before market open. Here’s what investors should know.
Winnebago beat analysts’ revenue expectations last quarter, reporting revenues of $702.7 million, up 12.3% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS and EBITDA estimates.
Is Winnebago a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Winnebago’s revenue to grow 1.1% year on year, a reversal from the 11.9% decrease it recorded in the same quarter last year.
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 multiple times over the last two years.
Looking at Winnebago’s peers in the industrials segment, some have already reported their Q1 results, giving us a hint as to what we can expect. FedEx delivered year-on-year revenue growth of 8.3%, beating analysts’ expectations by 2.1%, and Lennar reported a revenue decline of 13.3%, falling short of estimates by 4.5%. FedEx’s stock price was unchanged after the results while Lennar was up 2.6%.
Read our full analysis of FedEx’s results here and Lennar’s results here.
While some of the industrials stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 9.3% on average over the last month. Winnebago is down 22.3% during the same time and is heading into earnings with an average analyst price target of $49.33 (compared to the current share price of $34.22).
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