Winnebago Industries Earnings: Here’s Why Investors are Not Happy Now

Winnebago Industries Inc. (NYSE:WGO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.18%.

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Winnebago Industries Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.22 in the quarter versus EPS of $-0.03 in the year-earlier quarter.

Revenue: Rose 34.65% to $177.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Winnebago Industries Inc. reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.15. It beat the average revenue estimate of $170.86 million.

Quoting Management: The Forest City, Iowa-based company had 2,752 motorhome units in backlog as of March 2, up from 1,004 a year ago. Backlog is an indicator of potential future revenue.
“We believe the motorized RV market will continue to grow toward pre-recession levels,” CEO Randy Potts said in a statement. “Improved economic indicators such as rising housing starts, lower unemployment and attractive interest rates should create a positive environment going forward.”

Key Stats (on next page)…

Revenue decreased 8.45% from $193.55 million in the previous quarter. EPS decreased 15.38% from $0.26 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.18 to a profit $0.19. For the current year, the average estimate has moved up from a profit of $0.8 to a profit of $0.82 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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