What To Expect From Winnebago's (WGO) Q1 Earnings

RV Manufacturer Winnebago (NYSE:WGO) will be reporting earnings tomorrow before the bell. Here’s what investors should know.

Winnebago missed analysts’ revenue expectations by 6.9% last quarter, reporting revenues of $625.6 million, down 18% year on year. It was a slower quarter for the company, with a significant miss of analysts’ adjusted operating income 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 12.3% year on year to $616.7 million, improving from the 18.8% 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 six 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. Worthington’s revenues decreased 3.9% year on year, beating analysts’ expectations by 6.7%, and Lennar reported revenues up 4.4%, topping estimates by 2%. Worthington traded up 24% following the results while Lennar was down 4%.

Read our full analysis of Worthington’s results here and Lennar’s results here.

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