Camping World (NYSE:CWH) Issues Earnings Results, Misses Expectations By $0.33 EPS

Key Points

• Camping World reported a quarterly loss of $0.19 per share, missing the $0.14 consensus estimate by $0.33. Revenue totaled $1.58 billion, below expectations of $1.65 billion.
• Despite the earnings miss, shares rose 6.9% to $5.34 in midday trading. The stock remains well below its 52-week high of $15.18.
• Analyst sentiment is mixed but leans positive, with a consensus “Moderate Buy” rating and an average price target of $10.48; recent target cuts and a downgrade to “strong sell” add caution.

Camping World (NYSE:CWH - Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.33), FiscalAI reports. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.65 billion.

Camping World Stock Up 6.9%

Shares of Camping World stock traded up $0.34 during midday trading on Monday, hitting $5.34. The company had a trading volume of 2,655,304 shares, compared to its average volume of 2,654,023. Camping World has a 52-week low of $3.96 and a 52-week high of $15.18. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.30 and a current ratio of 1.22. The stock has a market capitalization of $552.01 million, a P/E ratio of -3.45 and a beta of 2.15. The company has a 50 day moving average of $5.38 and a 200 day moving average of $7.42.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CWH shares. Wall Street Zen raised shares of Camping World from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. KeyCorp reduced their target price on Camping World from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Thursday, October 8th. Citigroup decreased their target price on Camping World from $8.00 to $7.00 and set a "buy" rating for the company in a research report on Tuesday, October 13th. Robert W. Baird set a $7.00 target price on Camping World in a research note on Friday, July 31st. Finally, Zacks Research lowered Camping World from a "hold" rating to a "strong sell" rating in a research report on Friday, October 16th. Nine analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $10.48.

Camping World Company Profile

Camping World Holdings, Inc is a recreational vehicle retailer and service provider operating under the Camping World brand. The company sells new and used motorized and towable recreational vehicles, including motorhomes, travel trailers and fifth-wheel trailers, serving consumers across the United States.

In addition to vehicle sales, Camping World provides related products and services through its dealership network. These offerings include RV parts and accessories, maintenance and repair services, vehicle financing and insurance products, and other ownership-related services.

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