Camping World (CWH) closed at $26.54 in the latest trading session, marking a -1.01% move from the prior day. This change was narrower than the S&P 500’s 1.04% loss on the day. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq lost 5.88%.
Prior to today’s trading, shares of the recreational vehicle retailer and services provider had gained 15.96% over the past month. This has lagged the Consumer Discretionary sector’s gain of 18.49% and outpaced the S&P 500’s gain of 8.97% in that time.
Investors will be hoping for strength from Camping World as it approaches its next earnings release. The company is expected to report EPS of $0.02, down 97.78% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.27 billion, down 7.79% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Camping World. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Camping World currently has a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Camping World has a Forward P/E ratio of 9 right now. This valuation marks a discount compared to its industry’s average Forward P/E of 21.4.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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