Winnebago Industries (WGO) Q3 Earnings and Revenues Miss Estimates

Core Viewpoint - Winnebago Industries reported quarterly earnings of $1.13 per share, missing the Zacks Consensus Estimate of $1.30 per share, and down from $2.13 per share a year ago [1] Financial Performance - The company posted revenues of $786 million for the quarter, missing the Zacks Consensus Estimate by 1.75%, and down from $900.8 million year-over-year [8] - The earnings surprise for the quarter was -13.08%, while a quarter ago, the company had a positive surprise of 8.14% [7] - Over the last four quarters, Winnebago has surpassed consensus EPS estimates two times [2] Future Earnings Expectations - The current consensus EPS estimate for the upcoming quarter is $1.67 on revenues of $836.1 million, and for the current fiscal year, it is $5.02 on revenues of $3.1 billion [5] - The trend for estimate revisions ahead of the earnings release was unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [11] Market Performance - Winnebago shares have declined approximately 22.2% since the beginning of the year, contrasting with the S&P 500's gain of 15% [9] - The company's performance is influenced by the overall industry outlook, with the Building Products - Mobile Homes and RV Builders sector currently in the bottom 10% of Zacks industries [12]