Winnebago Industries Inc reports results for the quarter ended in May - Earnings Summary

Winnebago Industries

20/06/2024 14:52

* Winnebago Industries Inc  WGO.N  reported quarterly
adjusted
earnings of $1.13​​ per share for the quarter ended in May,
lower than the same quarter last year, when the company reported
EPS of $2.13.  The mean expectation of thirteen analysts for the
quarter was for earnings of $1.32 per share. Wall Street
expected results to range from $1.06  to $1.46 per share.
    * Revenue fell 12.7% to $786.00 million from a year ago;
analysts
expected $799.85 million. 
    * Winnebago Industries Inc's reported EPS for the quarter
was 96
cents​.
    * The company reported quarterly net income of $29 million.
    * Winnebago Industries Inc shares had fallen by 23.4% this
quarter and lost 22.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 24.8%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the recreational
products peer group is also "buy"

Wall Street's median 12-month price target for Winnebago
Industries Inc is $75.50 
This summary was machine generated from LSEG data June 20 at
01:52 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2024      1.32           1.13           Missed
 Feb. 29 2024      0.85           0.93           Beat
 Nov. 30 2023      1.17           1.06           Missed
 Aug. 31 2023      1.35           1.59           Beat