RV Manufacturer Winnebago (NYSE:WGO) will be reporting earnings tomorrow before market open. Here’s what you need to know.
Winnebago beat analysts’ revenue expectations by 6.3% last quarter, reporting revenues of $777.3 million, up 7.8% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.
Is Winnebago a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Winnebago’s revenue to grow 1.3% year on year to $633.5 million, a reversal from the 18% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 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 delivered year-on-year revenue growth of 19.5%, beating analysts’ expectations by 5.4%, and Lennar reported a revenue decline of 5.8%, topping estimates by 2.6%. Worthington’s stock price was unchanged after the resultswhile Lennar was down 4.4%.
Read our full analysis of Worthington’s results here and Lennar’s results here.
There has been positive sentiment among investors in the industrials segment, with share prices up 7.4% on average over the last month. Winnebago is up 25.9% during the same time and is heading into earnings with an average analyst price target of $45 (compared to the current share price of $41.23).
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