Earnings To Watch: Camping World (CWH) Reports Q1 Results Tomorrow

Recreational vehicle (RV) and boat retailer Camping World (NYSE:CWH) will be announcing earnings results this Wednesday after the bell. Here’s what to expect.

Camping World beat analysts’ revenue expectations last quarter, reporting revenues of $1.17 billion, down 2.6% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a significant miss of analysts’ gross margin estimates.

Is Camping World a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Camping World’s revenue to be flat year on year, slowing from the 3.6% increase it recorded in the same quarter last year.

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 multiple times over the last two years.

Looking at Camping World’s peers in the automotive and marine retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. CarMax posted flat year-on-year revenue, beating analysts’ expectations by 3.9%, and MarineMax reported a revenue decline of 16.5%, falling short of estimates by 14.7%. CarMax traded down 17.5% following the results while MarineMax was up 1.6%.

Read our full analysis of CarMax’s results here and MarineMax’s results here.

There has been positive sentiment among investors in the automotive and marine retail segment, with share prices up 7.7% on average over the last month. Camping World is up 4.6% during the same time and is heading into earnings with an average analyst price target of $14.33 (compared to the current share price of $6.89).

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