Core Viewpoint - Thor Industries (THO) is expected to report a quarterly loss of -$0.10 per share, reflecting a year-over-year decline of 138.5%, with anticipated revenues of $2.12 billion, a decrease of 1.2% compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised 8.7% lower over the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Projections - Analysts project 'Net Sales- Recreational Vehicles- North American Towable' to be $876.12 million, down 2.5% year-over-year [5]. - 'Net Sales- Recreational Vehicles- North American Motorized' is expected to reach $510.31 million, indicating a 1% increase year-over-year [5]. - Total 'Net Sales- Recreational Vehicles' is forecasted at $1.99 billion, reflecting a decline of 1.1% from the prior year [6]. - 'Net Sales- Other' is anticipated to be $204.93 million, showing a growth of 5.9% year-over-year [6]. - 'Net Sales- Recreational Vehicles- European' is estimated at $591.25 million, down 2.3% from the previous year [6]. Unit Sales Estimates - 'Units sales - Recreational Vehicles - Total North America' is estimated at 33,480, slightly down from 33,759 reported in the same quarter last year [9]. - 'Units sales - Recreational Vehicles - North American Towable' is projected to be 29,561, compared to 30,018 in the same quarter last year [8]. - Total 'Units sales' are expected to reach 41,813, down from 42,394 reported in the same quarter last year [8]. - 'Units sales - Recreational Vehicles - European' is projected at 8,332, down from 8,635 in the same quarter last year [7]. Profitability Metrics - The consensus estimate for 'Gross Profit- Recreational Vehicles- European' is $88.26 million, down from $92.65 million reported in the same quarter last year [10]. - Over the past month, Thor Industries shares have recorded a return of +2.3%, outperforming the Zacks S&P 500 composite's +0.4% change [10].

Core Insights - Can-Am, a brand of BRP Inc., has announced a new package for the Defender and a new color for the Outlander Electric, enhancing accessibility and innovation in their product lineup [1][4]. Product Announcements - The new Defender DPS CAB HD10 with HVAC starts at $23,999 USD and is positioned as the most affordable HVAC-equipped side-by-side in the industry, available in three-seat and MAX (six-seat) configurations [1][2]. - The Outlander Electric, now available in Dark Wildland Camo, starts at $13,599 USD and is designed specifically for the hunting community, offering a silent ride experience [1][3]. Market Positioning - The Defender lineup is recognized for its reliability and performance, catering to farmers, ranchers, and outdoor enthusiasts, with the new package aimed at making it more accessible to a broader audience [2][4]. - The introduction of the Dark Wildland Camo colorway for the Outlander Electric enhances its appeal to hunters, providing better concealment in natural environments [3][4]. Company Overview - BRP Inc. is a global leader in powersports products, with annual sales of CA$7.8 billion and a workforce of approximately 16,500 employees as of January 31, 2025 [5].

Core Insights - Massimo Group has expanded its in-store lineup with two new UTV models, the T-Boss 900L Crew and the Buck 450, through its largest national retail partner, enhancing its retail presence and product offerings [1][2][3] Product Expansion - The T-Boss 900L Crew UTV introduces a higher price point and capability, targeting a more valuable segment in the market [4] - The Buck 450 UTV is designed to be versatile and affordable, catering to first-time UTV buyers and value-focused customers, reinforcing Massimo's multi-tiered product strategy [5] Retail Strategy - The addition of these models allows for a more complete product lineup, improving in-store visibility and capturing a broader range of buying segments [3][6] - This strategic growth in the product lineup supports Massimo's initiatives to enhance distribution and increase visibility in national retail channels, positioning the company for continued revenue growth into 2026 [7]

Core Viewpoint - Winnebago Industries has experienced a decline in share price by approximately 18.4% since its last earnings report, underperforming the S&P 500 index [1][2]. Earnings Performance - In Q4 of fiscal 2025, Winnebago reported adjusted earnings of 71 cents per share, surpassing the Zacks Consensus Estimate of 58 cents, and showing an increase from 28 cents per share in the same period last year [3]. - The company achieved revenues of $777.3 million for the quarter, exceeding the Zacks Consensus Estimate of $744 million, marking a year-over-year increase of 7.82% [3]. Segmental Performance - **Towable RV Segment**: Revenues decreased by 3.4% year over year to $306.3 million, missing the estimate of $329.6 million. Deliveries fell by 4.3% to 7,833 units, also below the estimate of 8,680 units. Operating income rose by 38.3% to $21.4 million, but fell short of the expected $22.7 million [4]. - **Motorhome RV Segment**: Revenues increased by 17.3% year over year to $361.2 million, exceeding the estimate of $281.3 million. Deliveries rose by 12.9% to 1,745 units, surpassing the estimate of 1,331 units. However, the segment recorded an operating loss of $0.3 million, missing the expected operating income of $8.9 million [5]. - **Marine Segment**: Revenues totaled $94.9 million, up 17.9% year over year but below the estimate of $97.2 million. Deliveries increased by 11.7% to 1,164 units, falling short of the estimate of 1,228 units. The segment reported an operating income of $6.7 million, which was below the expected $7.3 million [6]. Financials & Outlook - As of August 30, 2025, Winnebago had cash and cash equivalents of $174 million and long-term debt of $540.5 million [7]. - For fiscal 2026, the company expects consolidated revenues to be between $2.75 billion and $2.95 billion, compared to $2.8 billion in fiscal 2025. Adjusted EPS is projected to be between $2 and $2.70, up from $1.67 in fiscal 2025 [7]. Estimate Trends - Estimates for Winnebago have trended downward over the past month, with a significant shift of -54.99% in the consensus estimate [8]. VGM Scores - Winnebago currently holds a strong Growth Score of A, but has a low Momentum Score of F. The stock also received an A grade on the value side, placing it in the top 20% for this investment strategy [9][10]. Overall Outlook - The overall trend of estimates indicates a downward shift, with Winnebago holding a Zacks Rank 3 (Hold), suggesting an expectation of in-line returns in the coming months [11].

Core Points - THOR Industries, Inc. will release its fiscal 2026 first quarter earnings on December 3, 2025, before the market opens [1] - The earnings release will be accompanied by a comprehensive Q&A document and a slide presentation available on the company's website [2] - THOR Industries is the largest manufacturer of recreational vehicles globally, owning multiple operating subsidiaries [3] Company Overview - THOR Industries, Inc. is recognized as the sole owner of subsidiaries that collectively represent the world's largest manufacturer of recreational vehicles [3]

Camping World (NYSE:CWH) FY Conference Summary Company Overview - Camping World operates nearly 200 RV dealerships across North America, commanding approximately 13.5% market share of all new and used RVs sold in the region, with the closest competitor at less than 6% market share [6][7] - The company sells about 25% of all new RVs in North America and 8.5% of used RVs [6][7] - Good Sam, a subsidiary, offers roadside assistance, finance, and insurance products, and has a community of about 1.6 million RV enthusiasts [8][9] Financial Performance and Projections - The company aims for an adjusted EBITDA of approximately $310 million for 2026, representing growth from 2025 [17] - Four sources of upside identified for achieving this target: 1. SG&A savings of at least $15 million [18] 2. Growth in used RV sales, projected to exceed 7%-8% year-over-year [18] 3. Additional dealership M&A opportunities [19] 4. New RV sales, which are less controllable due to reliance on OEMs [19][20] Market Dynamics - The RV industry has experienced deflation in new invoice prices for the first time, impacting pricing strategies and market dynamics [15] - The used RV market is approximately twice the size of the new RV market, presenting significant growth opportunities [8][28] - The company has developed proprietary residual value calculations for used RVs, enhancing its competitive edge [24][25] Consumer Insights - Affordability is a primary concern for consumers, with nearly 80% financing their RV purchases [58] - The average customer has a FICO score above 700 and a household income exceeding $100,000, primarily from rural areas [62] - About 75% of RV sales are to first-time buyers, indicating a growing interest in the RV lifestyle [64][66] Strategic Initiatives - The company is focusing on enhancing its private label business, which accounts for 40% of new RV sales, by leveraging exclusive manufacturing relationships [11][29] - Good Sam's expansion into adjacent markets (marine, power sports) is seen as a growth opportunity [46][48] - The company has improved its in-house roadside assistance capabilities, resulting in higher customer satisfaction scores [56] Challenges and Risks - OEMs have raised prices by 5%-7%, leading to potential resistance in the market [21] - The RV industry is cyclical, and current affordability issues are seen as a barrier to reaching mid-cycle performance levels [78] - The company is actively working on improving its net debt leverage and capital allocation strategies [79][80] Conclusion - Camping World is well-positioned in the RV market with a strong market share and growth potential in both new and used RV sales. The focus on cost savings, strategic acquisitions, and enhancing customer experience through Good Sam services will be critical in navigating the current market challenges and achieving financial targets.

Core Insights - Camping World Holdings, Inc. will attend the 2025 Stephens Annual Investment Conference in Nashville, Tennessee, with a fireside chat scheduled for November 19, 2025 [1] - The company is recognized as the world's largest retailer of recreational vehicles (RVs) and related products and services, operating under the Camping World and Good Sam brands [2] Company Overview - Camping World Holdings, Inc. is headquartered in Lincolnshire, IL, and aims to enhance the RVing and outdoor adventure experience for customers [2] - The company operates a national network of RV dealerships, service centers, and customer support centers across 44 states, providing a comprehensive assortment of RV products and services [2] - Camping World emphasizes long-term value creation for customers, employees, and stockholders through its extensive online presence and knowledgeable staff [2] Financial Performance - The company reported over 40% growth in Adjusted EBITDA for the third quarter of 2025, attributed to record-breaking new and used vehicle sales [4] - Camping World is set to announce its third quarter fiscal 2025 earnings on October 28, 2025, followed by a conference call on October 29, 2025 [5] - A regular cash dividend of $0.125 per share was declared for the third quarter, payable on September 29, 2025, to stockholders of record as of September 15, 2025 [6]

Core Insights - The earnings season has exceeded expectations, with S&P 500 companies tracking toward 13% earnings growth despite initial forecasts being lowered to 8% [3] - Big Tech companies are significantly increasing capital expenditures, with a projected total of $356 billion for Microsoft, Amazon, Alphabet, and Meta Platforms, representing a 56% increase [5] - Earnings growth for Big Tech was 29% in the third quarter, compared to just 5% for the rest of the S&P 500 [5] Company Performance - Winnebago Industries saw a 29% stock increase after successfully using price hikes to counteract weak demand in the recreational vehicle market [2][9] - Amazon's stock rose 10% following strong growth in web services, indicating positive returns from its investments in AI [6] - Meta Platforms experienced an 11% drop in stock value after CEO's comments on future AI capabilities did not meet investor expectations [6] - J.B. Hunt Transport Services and C.H. Robinson Worldwide saw stock increases of 22% and 20%, respectively, due to solid earnings and cost-cutting measures [10] Market Trends - The impact of tariffs has been less severe than anticipated, with companies having stocked up during a tariff pause, which may affect fourth-quarter profit margins [4] - The S&P 500 is currently trading at a high valuation of 25 times earnings, leading to significant market reactions to earnings reports [7] - Companies that reported earnings with double-digit percentage gains or losses have shown varied performance, with Trex losing 31% due to competitive pressures and Newell Brands dropping 28% after a sales decline [8][9]

Core Viewpoint - The article discusses two volatile stocks that may offer significant gains and one stock that is recommended for sale, highlighting the importance of careful investment choices in a fluctuating market. Group 1: Stock to Sell - Winnebago (WGO) is identified as a stock to sell, trading at $36.02 per share with a forward P/E of 15.3x [2][4] - The company has a rolling one-year beta of 1.12, indicating moderate volatility [2] Group 2: Stocks to Watch UMB Financial (UMBF) - UMB Financial is a financial holding company with a rolling one-year beta of 1.19, providing various banking and asset management services [5] - The stock trades at $109.20 per share with a forward P/B of 1.1x [7] Pinnacle Financial Partners (PNFP) - Pinnacle Financial Partners has a rolling one-year beta of 1.47 and focuses on delivering big-bank capabilities with community bank personalization [8] - The company has shown impressive annual net interest income growth of 20.1% over the last five years, indicating market share gains [9] - Earnings per share grew by 16.3% annually over the last two years, significantly outperforming peers [9] - The balance sheet strength has improved, with a tangible book value per share growth of 11.6% annually over the last five years [11]

Core Viewpoint - Stocks priced between $10 and $50 present a balance of affordability and stability, but investors should be cautious as some may have weak business models [1] Group 1: Stocks to Sell - **Camping World (CWH)**: - Current share price is $12.12, with a forward P/E of 15.5x [2][4] - The company has faced challenges in attracting new customers to its physical locations, leading to poor same-store sales performance [8] - **Lincoln Financial Group (LNC)**: - Current share price is $40.84, trading at 0.8x forward P/B [5][7] - The company has seen a decline in book value per share, which fell by 14.9% annually over the last five years, indicating unfavorable trends in the insurance sector [9] Group 2: Stock to Buy - **Upwork (UPWK)**: - Current share price is $16.52 [10] - The company has experienced a 9.4% annual growth in average revenue per customer over the last two years, indicating successful monetization efforts [11] - Earnings per share have grown by 123% annually over the last three years, outpacing revenue growth and enhancing profitability [11] - Free cash flow margin has increased by 29.3 percentage points in recent years, providing the company with more financial flexibility [11]