Camping World (CWH) Reports Q2 Earnings: What Key Metrics Have to Say
Camping World (CWH) reported $1.9 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 12.4%. EPS of $0.73 for the same period compares to $2.16 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.98 billion, representing a surprise of -3.85%. The company delivered an EPS surprise of -9.88%, with the consensus EPS estimate being $0.81.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Camping World performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Unit sales - New vehicle: 18897 versus the three-analyst average estimate of 19659.4.
Unit sales - Used vehicle: 17774 versus the three-analyst average estimate of 16669.98.
Average selling price - New vehicles: $42,383 versus the three-analyst average estimate of $46,719.24.
Average selling price - Used vehicles: $35,049 versus $35,502.87 estimated by three analysts on average.
Average gross profit per unit - New vehicles: $6,537 versus the two-analyst average estimate of $6,415.63.
Revenue- RV and Outdoor Retail- Products, service and other: $247.76 million versus $265.97 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.9% change.
Revenue- RV and Outdoor Retail- Finance and insurance, net: $166.93 million versus $179.34 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -14.6% change.
Revenue- RV and Outdoor Retail- Used vehicles: $622.96 million compared to the $591.83 million average estimate based on three analysts. The reported number represents a change of +12.1% year over year.
Revenue- RV and Outdoor Retail- New vehicles: $800.90 million versus $916.99 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -25.7% change.
Revenue- RV and Outdoor Retail: $1.85 billion compared to the $1.94 billion average estimate based on two analysts. The reported number represents a change of -12.7% year over year.
Revenue- RV and Outdoor Retail- Good Sam Club: $11.12 million compared to the $12.24 million average estimate based on two analysts.
Revenue- Good Sam Services and Plans: $51.04 million versus $51.29 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.
View all Key Company Metrics for Camping World here>>>
Shares of Camping World have returned +7.7% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Camping World (CWH) : Free Stock Analysis Report
