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Key Takeaways
- Shares of Winnebago Industries surged Thursday after the maker of recreational vehicles posted quarterly results that topped analysts' estimates.
- Still, Winnebago cut its outlook for fiscal 2025, citing "macro-economic and sector challenges."
- Even with Thursday's rise, Winnebago shares have lost about half their value over the past 12 months.
Winnebago Industries shares (WGO), which are used to make recreational vehicles, surged nearly 7% during Thursday’s trading. The company posted impressive quarterly results that surpassed analysts’ expectations.
Eden Prairie, Minn., based company reported fiscal second quarter adjusted earnings per shared (EPS) at 19 cents. Sales were down 12% on an annual basis to $620.2 Million. Visible Alpha polled analysts who expected 17 cents per share and $616.7 millions respectively.
Winnebago’s GAAP-based net loss was 2 cents a share, a substantial improvement over the 43 cents a share loss last year and less than analysts’ expectations of 11 cents a share.
Winnebago Cuts Fiscal 2025 Outlook, Citing 'Macro-Economic and Sector Challenges'
Winnebago still cut its forecasts of earnings and revenue for fiscal 2025. Winnebago now expects an adjusted EPS between $2.75 and $3.75 (down from $3.10 to 4.40), as well as sales of $2.8 to $3 billion compared to the previous $2.9 to $3.2 billion.
"Our full-year financial outlook for fiscal 2025 is updated to take into consideration the very dynamic environment and the macro-economic and sector challenges that our industry has been presented," CEO Michael Happe said. "Among these are stubborn interest rates, inconsistent consumer sentiment, and dealers that continue to push inventory levels lower, particularly in the Motorhome RV and Marine segments."
Even with today's sharp rise, Winnebago shares have lost about half their value over the past 12 months.
