Financial News
Earnings To Watch: Camping World (CWH) Reports Q3 Results Tomorrow
Recreational vehicle (RV) and boat retailer Camping World (NYSE:CWH) will be reporting results tomorrow after market hours. Here’s what to look for.
Camping World missed analysts’ revenue expectations by 3.1% last quarter, reporting revenues of $1.81 billion, down 5% year on year. It was a weak quarter for the company, with a miss of analysts’ earnings 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 decline 5.3% year on year to $1.64 billion, improving from the 6.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per share.
The majority of analysts covering the company have 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 four 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 posted flat year-on-year revenue, beating analysts’ expectations by 2.7%, and Lithia reported revenues up 11.4%, falling short of estimates by 2.5%. CarMax traded up 3.8% following the results while Lithia was also up 10.1%.
Read our full analysis of CarMax’s results here and Lithia’s results here.
Growth stocks have been quite volatile since the start of 2024, and while some of the automotive and marine retail stocks have fared somewhat better, they have not been spared, with share prices down 6.1% on average over the last month. Camping World is down 13.3% during the same time and is heading into earnings with an average analyst price target of $27.18 (compared to the current share price of $21).
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