Winnebago (WGO) To Report Earnings Tomorrow: Here Is What To Expect
RV Manufacturer Winnebago (NYSE:WGO) will be reporting results tomorrow before market hours. Here's what to expect.
Winnebago missed analysts' revenue expectations by 1% last quarter, reporting revenues of $703.6 million, down 18.8% year on year. It was an ok quarter for the company, with a decent beat of analysts' operating margin 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 11.5% year on year to $797.6 million, improving from the 38.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.31 per share.
The majority of analysts covering the company have 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 three 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 3.1% year on year, beating analysts' expectations by 3.4%, and Lennar reported revenues up 9%, topping estimates by 2.5%. Lennar traded down 5% following the results, while KBH traded up 4.7%.
Read our full analysis of KB Home's results here and Lennar's results here.
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