Recreational vehicle (RV) and boat retailer Camping World (NYSE: CWH) will be reporting results this Monday after market close. Here’s what you need to know.
Camping World missed analysts’ revenue expectations last quarter, reporting revenues of $1.93 billion, down 2.1% year on year. It was a softer quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a miss 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 decline 8.6% year on year, a reversal from the 4.7% 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 Q3 results, giving us a hint as to what we can expect. CarMax delivered year-on-year revenue growth of 19.5%, beating analysts’ expectations by 13.4%, and Penske Automotive Group reported revenues up 9.4%, topping estimates by 3.5%. CarMax traded down 2.5% following the results while Penske Automotive Group’s stock price was unchanged.
Read our full analysis of CarMax’s results here and Penske Automotive Group’s results here.
There has been positive sentiment among investors in the automotive and marine retail segment, with share prices up 7.5% on average over the last month. Camping World’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $8.87 (compared to the current share price of $4.99).
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