Recreational vehicle (RV) and boat retailer Camping World (NYSE: CWH) will be reporting earnings this Wednesday after market close. Here’s what investors should know.
Camping World missed analysts’ revenue expectations last quarter, reporting revenues of $1.35 billion, down 4.2% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is Camping World a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Camping World’s revenue to be flat year on year, slowing from the 9.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Camping World has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Camping World’s peers in the automotive and marine retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. CarMax delivered year-on-year revenue growth of 6.2%, beating analysts’ expectations by 8.2%, and Genuine Parts reported revenues up 6%, topping estimates by 1.6%. CarMax’s stock price was unchanged after the resultswhile Genuine Parts was down 1.7%.
Read our full analysis of CarMax’s results here and Genuine Parts’s results here.
Investors in the automotive and marine retail segment have had steady hands going into earnings, with share prices flat over the last month. Camping World is down 23.9% during the same time and is heading into earnings with an average analyst price target of $13 (compared to the current share price of $6.10).
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