BMO Capital sees softness for Winnebago motorized sales ahead of Q1

BMO Capital keeps an Outperform rating and $70 price target on Winnebago (WGO) but lowers the firm’s Q1 EPS view to 13c from 30c and the firm’s FY25 EPS view to 3.58 from $3.75 ahead of the company’s Q1 results next week. BMO sees continued motorized softness and more aggressive motorized promotional activity for the quarter, though the firm remains positive on the stock longer tam and believes Winnebago can grow sales and earnings owing to operational improvement, continued market share gains from Barletta, and enhanced product offering, the analyst tells investors in a research note.