The 10-second takeaway
For the quarter ended June 1 (Q3), Winnebago Industries beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share grew significantly.
Margins increased across the board.
Winnebago Industries chalked up revenue of $218.2 million. The two analysts polled by S&P Capital IQ anticipated a top line of $197.8 million on the same basis. GAAP reported sales were 40% higher than the prior-year quarter's $155.7 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 $0.27. The three earnings estimates compiled by S&P Capital IQ predicted $0.27 per share. GAAP EPS of $0.27 for Q3 were 108% higher than the prior-year quarter's $0.13 per share.
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%, 190 basis points better than the prior-year quarter. Operating margin was 4.7%, 240 basis points better than the prior-year quarter. Net margin was 3.5%, 100 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $202.6 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $781.7 million. The average EPS estimate is $1.00.
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 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Winnebago Industries a green thumbs-up, and 26 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 $24.33.
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