Winnebago shares jumped as much as 8.6% in early trading as analysts looked past a weaker-than-expected earnings outlook and focused on market share gains, cost cuts and improving motorhome operations. The company forecast fiscal 2027 adjusted EPS of $1.65 to $2.25, below the Bloomberg consensus of $2.20, with revenue of $2.65 billion to $2.80 billion. Fourth-quarter adjusted EPS of about 49 cents beat the 48-cent estimate, but revenue fell 17% to $645.1 million, short of the $659.2 million expected. Winnebago said a sustainable RV market recovery is not a near-term story, with North American wholesale shipments expected at 265,000 to 295,000 units in 2027 as high interest rates weigh on retail demand. The shares are down 39% year to date and 74% below their March 2021 peak of about $87.53.
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