Is Further Upside Left in the Stock?


Camping World CWH shares ended the last trading session 9.1% higher at $25.97. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock’s 22.1% loss over the past four weeks.

Camping World’s rally is largely driven by optimism regarding the company’s strong consumer demand levels, solid on-order position with manufacturers and strengthening of Good Sam business.

This recreational vehicle retailer and services provider is expected to post quarterly earnings of $1.29 per share in its upcoming report, which represents a year-over-year change of -34.9%. Revenues are expected to be $1.82 billion, down 5% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

For Camping World, the consensus EPS estimate for the quarter has been revised 1.4% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on CWH going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>

Camping World belongs to the Zacks Leisure and Recreation Services industry. Another stock from the same industry, Xponential Fitness (XPOF), closed the last trading session 2.6% higher at $18.71. Over the past month, XPOF has returned -1.4%.

Xponential Fitness’ consensus EPS estimate for the upcoming report has changed -10.7% over the past month to $0.18. Compared to the company’s year-ago EPS, this represents a change of +158.1%. Xponential Fitness currently boasts a Zacks Rank of #3 (Hold).

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