RV maker Winnebago beats Q3 profit estimates
Overview
Winnebago Adjusted EPS for fiscal Q3 beats analysts' estimates
Co had previously reported Q3 revenue of $775 mln
Towable RV segment achieved unit volume growth with new affordable products
Outlook
Company updates fiscal 2025 guidance: net revenues $2.7 bln to $2.8 bln
Company expects reported EPS of $0.50 to $1.00 for fiscal 2025
Adjusted EPS for fiscal 2025 projected at $1.20 to $1.70
Winnebago sees challenges from uncertain economic environment
Result Drivers
AFFORDABLE PRODUCTS - Towable RV segment achieved unit volume growth with new affordable offerings, per CEO Michael Happe
RETAIL SHARE GAINS - Marine segment profitability increased due to continued retail share gains
PRODUCT MIX - Revenue decline partly due to shift towards lower price-point models, impacting gross profit margin
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Adjusted EPS | Beat | $0.81 | $0.79 |
Q3 EPS | $0.62 | ||
Q3 Net Income | Miss | $17.60 mln | $20.8 mln |
Q3 Adjusted EBITDA | $46.50 mln | ||
Q3 Gross Margin | 13.7% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the recreational products peer group is "buy"
Wall Street's median 12-month price target for Winnebago Industries Inc is $38.00, about 17.6% above its last closing price of $31.33
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release:
