Recreational vehicle (RV) and boat retailer Camping World (NYSE:CWH) will be announcing earnings results tomorrow afternoon. Here’s what to look for.
Camping World beat analysts’ revenue expectations by 4.8% last quarter, reporting revenues of $1.72 billion, flat year on year. It was a stunning quarter for the company, with an impressive 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.
This quarter, analysts are expecting Camping World’s revenue to grow 1.9% year on year to $1.13 billion, a reversal from the 13.4% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.54 per share.
Analysts covering the company have generally 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 five times over the last two years.
Looking at Camping World’s peers in the automotive and marine retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Lithia delivered year-on-year revenue growth of 20.2%, beating analysts’ expectations by 2.2%, and OneWater reported revenues up 3.2%, topping estimates by 11.7%. Lithia traded up 4.4% following the results while OneWater was also up 17.8%.
Read our full analysis of Lithia’s results here and OneWater’s results here.
Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The US Central Bank is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the automotive and marine retail stocks have shown solid performance, the group has generally underpeformed, with share prices down 7.7% on average over the last month. Camping World is down 9.8% during the same time and is heading into earnings with an average analyst price target of $28.25 (compared to the current share price of $20.81).
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