Camping World (CWH) Reports Earnings Tomorrow: What To Expect

Recreational vehicle (RV) and boat retailer Camping World (NYSE:CWH) will be announcing earnings results tomorrow afternoon. Here's what you need to know.

Camping World missed analysts' revenue expectations by 4.4% last quarter, reporting revenues of $1.36 billion, down 8.3% year on year. It was a strong quarter for the company, with an impressive beat of analysts' gross margin and adjusted EBITDA estimates.

Is Camping World a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Camping World's revenue to decline 1.9% year on year to $1.86 billion, improving from the 12.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.53 per share.

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 three times over the last two years.

Looking at Camping World's peers in the automotive and marine retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. CarMax's revenues decreased 7.5% year on year, meeting analysts' expectations, and O'Reilly reported revenues up 5%, falling short of estimates by 1.1%. CarMax traded up 2.5% following the results while O'Reilly was also up 3.8%.

Read our full analysis of CarMax's results here and O'Reilly's results here.

There has been positive sentiment among investors in the automotive and marine retail segment, with share prices up 4% on average over the last month. Camping World is up 28.9% during the same time and is heading into earnings with an average analyst price target of $27.3 (compared to the current share price of $22.65).

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