Camping World is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September. This widely known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
This story by Zacks Equity Research appeared in Yahoo! Finance.
The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
This RV retailer and services provider is expected to post quarterly earnings of $0.28 per share in its upcoming report, which represents a year-over-year change of minus 42.9 percent.
Revenues are expected to be $1.33 billion, up 1.7 percent from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.
A positive or negative earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model’s predictive power is significant for positive ESP readings only.