Camping World Holdings Inc (CWH) announced earlier this week that it earned $0.14 per share in the first quarter of 2023.
As per a release, the company reported earnings on an adjusted basis, which may not be directly comparable to analyst estimates or prior periods.
On the revenue front, the company reported $1.5 billion, surpassing estimates by $7 million. In the same quarter a year ago, the company earned $1.15 per share on revenue of $1.7 billion. Following the report, the stock is up 13.98% to $24.87.
The firm’s higher revenue growth relative to earnings suggests that it has not been able to reduce costs, leading to a decrease in its profit margin. Wall Street analysts had an average rating of “Buy” on the stock before the report. InvestorsObserver currently gives the stock a bearish sentiment score based on recent trading.
Camping World Holdings Inc has performed slightly below average over the past few months. Prior to the report, InvestorsObserver gave Camping World Holdings Inc a long-term technical rank of 25, placing it in the bottom half of stocks. The company was trading at a 52-week low of $18.69 on March 24, 2023, and reached a 52-week high on August 16, 2022, at $33.99.
Camping World has been offering specialized products and accessories, expert advice, and professional services to recreational vehicle owners and campers since 1966. Growing from a single store in Bowling Green, Kentucky, Camping World has become the nation’s largest retailer of RVs, RV accessories, and RV-related services.
With over 130 SuperCenters nationwide, a full-service call center, and a comprehensive website featuring thousands of quality products for RVs, camping, towing, and outdoor living, Camping World serves as the premier one-stop-shop for everything RV-related. The company also offers new and used RVs for sale, service centers with over 1,900 bays and 1,600 technicians on staff, and over 100 collision centers.
The recent earnings report of Camping World Holdings Inc also reflects the current state of the RV industry. As the industry continues to evolve, companies like Camping World must adapt to changing market conditions to maintain their competitive edge.
Camping World Holdings Inc’s recent earnings report sheds light on both the company’s performance and the broader RV industry. As the company continues to navigate the dynamic market conditions, investors will be closely monitoring its financial performance and strategic initiatives.
