Winnebago Industries Inc WGO shares are facing selling pressure Monday after a short selling firm suggested cracks are starting to show at Winnebago.
Despite Winnebago's innovative 2025 lineup, weak demand, financial struggles and market challenges make the stock a risky bet now.
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Despite being on sale, we think Winnebago (WGO) should be avoided now, given the contracting margins, shrinking backlogs and competitive pressure.
Winnebago Industries is experiencing significant weakness in financial performance and stock price year-to-date. Quarterly results show missed analyst estimates, declining revenues, and deteriorating profitability. Valuation indicates WGO stock is selling at a premium compared to historic metrics, not justified by declining performance. "Sell" rating given.
Winnebago (WGO) reports lower-than-expected third-quarter fiscal 2024 results, wherein earnings per share plunge 46.9% year over year.
Winnebago Industries, Inc. WGO reported downbeat third-quarter results on Thursday.
While the top- and bottom-line numbers for Winnebago (WGO) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Winnebago Industries, Inc. (NYSE:WGO ) Q3 2024 Earnings Conference Call June 20, 2024 10:00 AM ET Company Participants Ray Posadas - VP of IR & Market Intelligence Michael Happe - President & CEO Bryan Hughes - SVP & CFO Conference Call Participants Tristan Thomas-Martin - BMO Capital markets James Hardiman - Citi Bret Jordan - Jefferies Michael Swartz - Truist Securities Noah Zatzkin - KeyBanc Capital Markets Craig Kennison - Baird Scott Stember - Roth-MKM Joe Altobello - Raymond James David Whiston - Morningstar Operator Good day, and thank you for standing by. Welcome to the Q3 Fiscal 2024 Winnebago Industries Financial Results Conference Call.
Winnebago Industries (WGO) came out with quarterly earnings of $1.13 per share, missing the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $2.13 per share a year ago.
Winnebago Industries Inc.'s stock WGO fell 6% early Thursday, after the recreational vehicle maker's fiscal third-quarter earnings fell short of estimates. Eden Prairie, Minn.
Besides Wall Street's top -and-bottom-line estimates for Winnebago (WGO), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended May 2024.