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Winnebago Industries (WGO) Reports Q1 Loss, Misses Revenue Estimates
WinnebagoWinnebago(US:WGO) ZACKSยท2024-12-20 14:10

Core Viewpoint - Winnebago Industries reported a quarterly loss of $0.03 per share, significantly missing the Zacks Consensus Estimate of $0.16, and a stark decline from earnings of $1.06 per share a year ago [1] Financial Performance - The company posted revenues of $625.6 million for the quarter ended November 2024, which was 7.26% below the Zacks Consensus Estimate and a decrease from $763 million in the same quarter last year [2] - Winnebago has only surpassed consensus revenue estimates once in the last four quarters [2] - The stock has declined approximately 28.8% year-to-date, contrasting with the S&P 500's gain of 23% [3] Earnings Outlook - The estimate revisions trend for Winnebago is currently unfavorable, leading to a Zacks Rank of 5 (Strong Sell), indicating expected underperformance in the near future [5] - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $694.06 million, and for the current fiscal year, it is $3.52 on revenues of $3.02 billion [12] Industry Context - Winnebago operates within the Building Products - Mobile Homes and RV Builders industry, which is currently ranked in the bottom 35% of over 250 Zacks industries [6] - Historical data suggests that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than a factor of 2 to 1 [6]