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Winnebago (WGO) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended February 2024, Winnebago Industries (WGO - Free Report) reported revenue of $703.6 million, down 18.8% over the same period last year. EPS came in at $0.93, compared to $1.88 in the year-ago quarter.
The reported revenue represents a surprise of +1.58% over the Zacks Consensus Estimate of $692.63 million. With the consensus EPS estimate being $0.86, the EPS surprise was +8.14%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Winnebago performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Unit deliveries - Total Towable RV: 6,747 versus 7,216 estimated by three analysts on average.
Unit deliveries - Total Motorhome RV: 1,811 versus 1,707 estimated by three analysts on average.
Unit deliveries - Marine - Boats: 862 compared to the 934 average estimate based on three analysts.
Unit deliveries - Total Towable RV - Fifth wheel: 2,261 compared to the 2,202 average estimate based on two analysts.
Unit deliveries - Total Towable RV - Travel trailer: 4,486 versus the two-analyst average estimate of 4,871.
Unit deliveries - Total Motorhome RV - Class C: 792 versus the two-analyst average estimate of 601.
Unit deliveries - Total Motorhome RV - Class A: 371 compared to the 395 average estimate based on two analysts.
Unit deliveries - Total Motorhome RV - Class B: 648 versus 715 estimated by two analysts on average.
Net Revenues- Motorhome RV: $338.40 million versus the four-analyst average estimate of $303.71 million. The reported number represents a year-over-year change of -16.2%.
Net Revenues- Marine: $69.80 million compared to the $77.51 million average estimate based on four analysts. The reported number represents a change of -38.2% year over year.
Net Revenues- Towable RV: $284.70 million versus $293.79 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -16.9% change.
Adjusted EBITDA- Towable RV: $26.80 million versus $27.34 million estimated by three analysts on average.
Shares of Winnebago have returned -5.9% over the past month versus the Zacks S&P 500 composite's +3.6% 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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Winnebago (WGO) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended February 2024, Winnebago Industries (WGO - Free Report) reported revenue of $703.6 million, down 18.8% over the same period last year. EPS came in at $0.93, compared to $1.88 in the year-ago quarter.
The reported revenue represents a surprise of +1.58% over the Zacks Consensus Estimate of $692.63 million. With the consensus EPS estimate being $0.86, the EPS surprise was +8.14%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Winnebago performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Unit deliveries - Total Towable RV: 6,747 versus 7,216 estimated by three analysts on average.
- Unit deliveries - Total Motorhome RV: 1,811 versus 1,707 estimated by three analysts on average.
- Unit deliveries - Marine - Boats: 862 compared to the 934 average estimate based on three analysts.
- Unit deliveries - Total Towable RV - Fifth wheel: 2,261 compared to the 2,202 average estimate based on two analysts.
- Unit deliveries - Total Towable RV - Travel trailer: 4,486 versus the two-analyst average estimate of 4,871.
- Unit deliveries - Total Motorhome RV - Class C: 792 versus the two-analyst average estimate of 601.
- Unit deliveries - Total Motorhome RV - Class A: 371 compared to the 395 average estimate based on two analysts.
- Unit deliveries - Total Motorhome RV - Class B: 648 versus 715 estimated by two analysts on average.
- Net Revenues- Motorhome RV: $338.40 million versus the four-analyst average estimate of $303.71 million. The reported number represents a year-over-year change of -16.2%.
- Net Revenues- Marine: $69.80 million compared to the $77.51 million average estimate based on four analysts. The reported number represents a change of -38.2% year over year.
- Net Revenues- Towable RV: $284.70 million versus $293.79 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -16.9% change.
- Adjusted EBITDA- Towable RV: $26.80 million versus $27.34 million estimated by three analysts on average.
View all Key Company Metrics for Winnebago here>>>Shares of Winnebago have returned -5.9% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.