Winnebago Industries Q1 Adj EPS $1.06 Misses $1.20 Estimate, Sales $763.00M Beat $731.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Winnebago Industries (NYSE:WGO) reported Q1 adjusted EPS of $1.06, missing the consensus estimate of $1.20 by 11.67%. Year-over-year, this represents a 48.79% decrease from $2.07 per share. However, sales of $763.00M exceeded estimates of $731.15M by 4.36%, despite being a 19.87% decrease from the previous year's $952.20M.
December 20, 2023 | 12:02 pm
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NEGATIVE IMPACT
Winnebago's Q1 earnings per share fell short of expectations, while sales figures slightly exceeded estimates. The significant decrease in earnings compared to last year could negatively impact investor sentiment.
The miss on the earnings per share (EPS) is a significant negative factor, often weighed more heavily by investors than sales figures. The substantial year-over-year decline in both earnings and sales suggests potential underlying issues that could affect the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100