Recreational vehicle (RV) and boat retailer Camping World (NYSE: CWH) will be announcing earnings results this Tuesday afternoon. Here’s what investors should know.
Camping World missed analysts’ revenue expectations by 1% last quarter, reporting revenues of $1.41 billion, up 3.6% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a solid beat of analysts’ EPS estimates.
Is Camping World a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Camping World’s revenue to grow 4% year on year to $1.88 billion, a reversal from the 5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.60 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Camping World has missed Wall Street’s revenue estimates six 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 6.1%, meeting analysts’ expectations, and Genuine Parts reported revenues up 3.4%, topping estimates by 0.9%. CarMax traded up 4.5% following the results while Genuine Parts was also up 8.7%.
Read our full analysis of CarMax’s results here and Genuine Parts’s results here.
There has been positive sentiment among investors in the automotive and marine retail segment, with share prices up 8.9% on average over the last month. Camping World is up 5.1% during the same time and is heading into earnings with an average analyst price target of $20.83 (compared to the current share price of $18.06).
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