Camping World Holdings, Inc. CWH is expected to release its second quarter 2022 results on August 2. In the most recent reporting quarter, the company’s earnings missed the Zacks Consensus estimate by 10.9%.
The Zacks consensus estimate for second-quarter earnings is $1.87 per share, down 25.5% year over year. For the past 30 days, the consensus estimate for earnings has remained stable. The consensus level for revenue is $2.03 billion, indicating a 1.3% decline from the year-ago quarter.
Factors to consider
The company’s second-quarter results are likely to have benefited from increases in the average selling price of new and used vehicles, acquisitions and new store openings. However, a decline in new vehicles and products, services and other revenue is likely to have negatively impacted results. High costs are likely to have weighed on earnings in the coming quarter.
The company’s reported results for the upcoming quarter are expected to reflect robust sales from its finance and insurance, new and used vehicle businesses. The Zacks consensus estimate for finance & insurance and used car revenue is $183 million and $566 million, indicating year-over-year growth of 2.8% and 20.4%, respectively. However, the consensus estimate for revenue from products, services and other is $274 million, indicating an 11.7% decline from a year ago. The consensus estimate for new car sales is $984 million, down 7.1% year over year.
Camping World Prize and EPS surprise
Camping World Price EPS Surprise | Quote from Camping World
What the Zacks model reveals
Our proven model predicts no profit hit for Camping World this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an Earnings Beat.
Result ESP: Camping World has an earnings ESP that is the difference between the most accurate estimate and Zacks’ consensus estimate of 0.00%. Our Earnings ESP Filter allows you to discover the best stocks to buy or sell before they are reported.
Zacks Rank: Camping World currently holds a #2 Zacks rank. You can see the full list of today’s Zacks #1 Rank stocks can be found here.
Stocks could beat gains
Here are some of Zacks’ consumer discretionary stocks that investors might want to consider, as our model shows they have the right combination of elements to deliver an earnings hit:
Callaway Golf Company ELY has an Earnings ESP of +2.69% and a Zacks Rank of 2.
Callaway Golf shares are down 32.8% over the past year. ELY’s earnings beat consensus for all subsequent four quarters, averaging 955.5%.
Under Armor, Inc. UAA has an Earnings ESP of +1.05% and a Zacks Rank of 3.
Under Armor shares have fallen 56.1% over the past year. UAA earnings have surpassed consensus three times and missed once over the past four quarters, with an average surprise of 103.8%.
Dolby Laboratories, Inc. DLB has +5.00% Win ESP and Zacks Rank #3.
Dolby Laboratories shares are down 22.5% over the past year. DLB earnings beat consensus three times and missed once over the past four quarters, with an average surprise of 14.7%.
Stay up to date on upcoming earnings announcements with the Zacks Earnings Calendar.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.