Winnebago Industries (WGO) reported disappointing Q3 earnings on June 20, 2023, with a 13% earnings miss and revenue falling below expectations. The company, which manufactures recreational vehicles, saw its adjusted EBITDA drop 39% year-over-year, and revenues for its Motorhome division fell by 20%. Winnebago’s market value is currently estimated at $1.5 billion, and the stock has seen significant downward pressure, dropping nearly 20% over the past 60 days.
Analysts have sharply revised earnings estimates down, decreasing projections for the current quarter from $1.67 to $1.11—a 33% decline. For the coming year, estimates have dropped from $5.02 to $4.37, marking a 13% reduction. Winnebago’s stock is currently trading at levels not seen since late 2022, and if it falls below $50, it could hit lows around $43.
Despite these challenges, Winnebago continues to pay a dividend of 2.3%, which may provide some support in the low $40s. However, technical indicators suggest a difficult recovery is ahead, with moving averages trending significantly lower.
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