Winnebago’s Q1 Earnings Miss Sparks Cautious Outlook
The recreational vehicle manufacturer, Winnebago, has faced a setback with its Q1 earnings and revenue falling short of expectations. As a result, DA Davidson has reduced the company’s price target from $55 to $54, maintaining a Neutral rating on its shares.
Green Shoots at Retail, but Challenges Ahead
Although Winnebago is starting to show signs of improvement at the retail level, the company’s guidance for a difficult Q2 has raised concerns about its ability to deliver a stronger earnings performance in the second half of FY25. This increased pressure has prompted analysts to reassess their expectations.
Earnings Performance Under Scrutiny
Winnebago’s Q1 earnings miss has sparked concerns about the company’s ability to meet its FY25 targets. With a challenging Q2 on the horizon, investors are closely watching the company’s performance to see if it can recover from this setback.
Analyst Insights and Recommendations
Top Wall Street analysts are closely monitoring Winnebago’s performance, and some have adjusted their price targets accordingly. Citi, for instance, has lowered its price target from $73 to $61, while BMO Capital remains optimistic about the company’s retail trends.
Market Trends and News
In other news, FedEx has announced plans to separate its Freight unit, and Nike has reported a Q2 beat. Meanwhile, Winnebago has narrowed its FY25 adjusted EPS view to $3.10-$4.40 from $3.00-$4.50.
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