Winnebago (WGO) Reports Q3: Everything You Need To Know Ahead Of Earnings

RV Manufacturer Winnebago (NYSE:WGO) will be announcing earnings results tomorrow before market hours. Here’s what to look for.

Winnebago missed analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $786 million, down 12.7% year on year. It was a softer quarter for the company, with a miss of analysts’ EBITDA and earnings 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 decline 5% year on year to $732.8 million, improving from the 34.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.93 per share.

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 5 downward revisions over the last 30 days (we track 13 analysts). Winnebago has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Winnebago’s peers in the industrials segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Richardson Electronics delivered year-on-year revenue growth of 2.2%, beating analysts’ expectations by 8.7%, and Byrna reported revenues up 194%, in line with consensus estimates. Richardson Electronics traded down 2.5% following the results while Byrna was also down 18.4%.

Read our full analysis of Richardson Electronics’s results here and Byrna’s results here.

There has been positive sentiment among investors in the industrials segment, with share prices up 2.3% on average over the last month. Winnebago is up 1.5% during the same time and is heading into earnings with an average analyst price target of $68.10 (compared to the current share price of $58.62).

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