For the quarter ended November 2023, Winnebago Industries (WGO - Free Report) reported revenue of $763 million, down 19.9% over the same period last year. EPS came in at $1.06, compared to $2.07 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $727.57 million, representing a surprise of +4.87%. The company delivered an EPS surprise of -11.67%, with the consensus EPS estimate being $1.20.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Winnebago performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Units deliveries - Total Towable: 7,846 versus 6,557 estimated by three analysts on average.
- Unit deliveries - Total Motorhome: 1,721 versus 1,817 estimated by three analysts on average.
- Unit deliveries - Marine - Boats: 1,118 compared to the 1,268 average estimate based on three analysts.
- Units deliveries - Towable - Fifth wheel: 2,465 versus 2,152 estimated by two analysts on average.
- Units deliveries - Towable - Travel trailer: 5,381 versus 4,434 estimated by two analysts on average.
- Units deliveries - Motorhome - Class C: 549 versus 422 estimated by two analysts on average.
- Unit deliveries - Motorhome - Class A: 481 compared to the 568 average estimate based on two analysts.
- Units deliveries - Motorhome - Class B: 691 versus the two-analyst average estimate of 936.
- Net Revenues- Motorhome: $334.40 million compared to the $344.57 million average estimate based on four analysts. The reported number represents a change of -28% year over year.
- Net Revenues- Towable: $330.80 million versus $274.93 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4.8% change.
- Net Revenues- Marine: $87.30 million versus $102.34 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -33.6% change.
- Adjusted EBITDA- Towable: $33.10 million versus the three-analyst average estimate of $31.05 million.
View all Key Company Metrics for Winnebago here>>>Shares of Winnebago have returned +13.6% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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For the quarter ended November 2023, Winnebago Industries (WGO - Free Report) reported revenue of $763 million, down 19.9% over the same period last year. EPS came in at $1.06, compared to $2.07 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $727.57 million, representing a surprise of +4.87%. The company delivered an EPS surprise of -11.67%, with the consensus EPS estimate being $1.20.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Winnebago performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Units deliveries - Total Towable: 7,846 versus 6,557 estimated by three analysts on average.
- Unit deliveries - Total Motorhome: 1,721 versus 1,817 estimated by three analysts on average.
- Unit deliveries - Marine - Boats: 1,118 compared to the 1,268 average estimate based on three analysts.
- Units deliveries - Towable - Fifth wheel: 2,465 versus 2,152 estimated by two analysts on average.
- Units deliveries - Towable - Travel trailer: 5,381 versus 4,434 estimated by two analysts on average.
- Units deliveries - Motorhome - Class C: 549 versus 422 estimated by two analysts on average.
- Unit deliveries - Motorhome - Class A: 481 compared to the 568 average estimate based on two analysts.
- Units deliveries - Motorhome - Class B: 691 versus the two-analyst average estimate of 936.
- Net Revenues- Motorhome: $334.40 million compared to the $344.57 million average estimate based on four analysts. The reported number represents a change of -28% year over year.
- Net Revenues- Towable: $330.80 million versus $274.93 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4.8% change.
- Net Revenues- Marine: $87.30 million versus $102.34 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -33.6% change.
- Adjusted EBITDA- Towable: $33.10 million versus the three-analyst average estimate of $31.05 million.
View all Key Company Metrics for Winnebago here>>>Shares of Winnebago have returned +13.6% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
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