Categories Analysis, Earnings, Retail

Earnings Preview: Winnebago Q2 results to gain from RV and Towable units

Recreational vehicle maker Winnebago Industries, Inc. (WGO) is expected to post its second-quarter 2019 earnings before the opening bell on March 25.

Analysts expect a year-over-year dip in earnings on declining for the reporting period. For the company, Zacks Research expects 56 cents-a-share in earnings on revenue of about $426 million.

TOWABLE AND RV TO THE RESCUE

Back in December, The Winnebago stock jumped 15% in premarket trade shortly after the first-quarter earnings release.

This bull run was after the company topped analyst expectations on revenue and earnings. Then, revenues increased 9.7% on strong growth in the Towable segment, while net income soared 23.4%. For the first quarter, diluted earnings soared 22.8% to $0.70 per share from a year ago.

Winnebago first quarter 2019 segment units delivered and backlog

 

Following the trend of strong momentum in the North American RV business, it is expected that the company would gain from the RV side this time around as well.

As Winnebago readies itself for earnings early on Monday, all eyes would be on the RV and the Towable segments. This could shape how investors would see the stock faring, rather than the overall numbers.

Earnings Calendar: Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

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