Recreational vehicle (RV) and boat retailer Camping World (NYSE:CWH) will be announcing earnings results tomorrow after the bell. Here's what to look for.
Last quarter Camping World reported revenues of $1.9 billion, down 12.4% year on year, missing analyst expectations by 3.54%. It was a weak quarter for the company, with a miss of analysts' revenue estimates.
Is Camping World buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Camping World's revenue to decline 8.03% year on year to $1.71 billion, a further deceleration on the 3.18% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.17 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 2.9%.
Looking at Camping World's peers in the automotive and marine retail segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. Lithia reported revenues up 13.5% year on year, exceeding estimates by 1.3%. Lithia was down 6.5%.
Read the full analysis of CarMax (NYSE:KMX)'s and Lithia's results on StockStory.
Tech stocks have been facing declining investor sentiment since 2022, and while some of the automotive and marine retail stocks have fared somewhat better, they have not been spared, with share price declining 3.82% over the last month. Camping World is down 15.4% during the same time, and is heading into the earnings with analyst price target of $29.1, compared to share price of $17.03.
The author has no position in any of the stocks mentioned.
