The 10-second takeaway
For the quarter ended March 2 (Q2), Winnebago Industries beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share grew.
Margins expanded across the board.
Winnebago Industries reported revenue of $177.2 million. The two analysts polled by S&P Capital IQ expected a top line of $170.9 million on the same basis. GAAP reported sales were 35% higher than the prior-year quarter's $131.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.22. The three earnings estimates compiled by S&P Capital IQ averaged $0.14 per share. GAAP EPS were $0.22 for Q2 compared to -$0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 9.7%, 450 basis points better than the prior-year quarter. Operating margin was 5.0%, 590 basis points better than the prior-year quarter. Net margin was 3.5%, 420 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $197.8 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $771.1 million. The average EPS estimate is $1.01.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 140 members out of 273 rating the stock outperform, and 133 members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Winnebago Industries a green thumbs-up, and 29 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Winnebago Industries is outperform, with an average price target of $20.00.
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