Winnebago IndustriesNYSE: WGO

Newest design offers boat brand's ultra-premium quality and materials thoughtfully engineered at a competitive price point Newest design offers boat brand's ultra-premium quality and materials thoughtfully engineered at a competitive price point

Despite being on sale, we think Winnebago (WGO) should be avoided now, given the contracting margins, shrinking backlogs and competitive pressure.

Winnebago Industries is experiencing significant weakness in financial performance and stock price year-to-date. Quarterly results show missed analyst estimates, declining revenues, and deteriorating profitability. Valuation indicates WGO stock is selling at a premium compared to historic metrics, not justified by declining performance. "Sell" rating given.

Winnebago (WGO) reports lower-than-expected third-quarter fiscal 2024 results, wherein earnings per share plunge 46.9% year over year.

While the top- and bottom-line numbers for Winnebago (WGO) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Winnebago Industries, Inc. (NYSE:WGO ) Q3 2024 Earnings Conference Call June 20, 2024 10:00 AM ET Company Participants Ray Posadas - VP of IR & Market Intelligence Michael Happe - President & CEO Bryan Hughes - SVP & CFO Conference Call Participants Tristan Thomas-Martin - BMO Capital markets James Hardiman - Citi Bret Jordan - Jefferies Michael Swartz - Truist Securities Noah Zatzkin - KeyBanc Capital Markets Craig Kennison - Baird Scott Stember - Roth-MKM Joe Altobello - Raymond James David Whiston - Morningstar Operator Good day, and thank you for standing by. Welcome to the Q3 Fiscal 2024 Winnebago Industries Financial Results Conference Call.

Winnebago Industries (WGO) came out with quarterly earnings of $1.13 per share, missing the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $2.13 per share a year ago.

-- Resilient Profitability, Supported by Solid Sequential Improvement in Towable RV and Marine Segments -- -- Barletta Accelerates its Share Momentum in the U.S. Aluminum Pontoon Market Achieving Double Digit Market Share in the Most Recent Three- and Six-Month Periods (1) -- -- Company Returns $87.8 Million to Shareholders Through Share Repurchases and Dividends Through the First Nine Months of Fiscal 2024 -- EDEN PRAIRIE, Minn., June 20, 2024 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor lifestyle product manufacturer, today reported financial results for the Company's fiscal 2024 third quarter ended May 25, 2024.

Besides Wall Street's top -and-bottom-line estimates for Winnebago (WGO), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended May 2024.