Q4 Automobile Manufacturing Earnings: Winnebago (NYSE:WGO) Impresses

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Winnebago (NYSE:WGO) and the rest of the automobile manufacturing stocks fared in Q4.

Much capital investment and technical know-how are needed to manufacture functional, safe, and aesthetically pleasing automobiles for the mass market. Barriers to entry are therefore high, and auto manufacturers with economies of scale can boast strong economic moats. However, this doesn’t insulate them from new entrants, as electric vehicles (EVs) have entered the market and are upending it. This has forced established manufacturers to not only contend with emerging EV-first competitors but also decide how much they want to invest in these disruptive technologies, which will likely cannibalize their legacy offerings.

The 11 automobile manufacturing stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 4.4%.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 10.3% since the latest earnings results.

Created to provide high-quality, affordable RVs to the post-war American family, Winnebago (NYSE:WGO) is a manufacturer of recreational vehicles, providing a range of motorhomes, travel trailers, and fifth-wheel products for outdoor and adventure lifestyles.

Winnebago reported revenues of $702.7 million, up 12.3% year on year. This print exceeded analysts’ expectations by 10.9%. Overall, it was a stunning quarter for the company with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

“Winnebago Industries performed ahead of our expectations in the first quarter and demonstrated clear progress on our priorities,” said Michael Happe, the Company’s President and Chief Executive Officer.

Unsurprisingly, the stock is down 16.6% since reporting and currently trades at $33.65.

Is now the time to buy Winnebago? Access our full analysis of the earnings results here, it’s free.

The manufacturer of Amazon’s delivery trucks, Rivian (NASDAQ:RIVN) designs, manufactures, and sells electric vehicles and commercial delivery vans.

Rivian reported revenues of $1.29 billion, down 25.8% year on year, outperforming analysts’ expectations by 0.7%. The business had a very strong quarter with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ adjusted operating income estimates.

The market seems happy with the results as the stock is up 18.3% since reporting. It currently trades at $16.56.

Is now the time to buy Rivian? Access our full analysis of the earnings results here, it’s free.

Founded by a former Tesla Vice President, Lucid Group (NASDAQ:LCID) designs, manufactures, and sells luxury electric vehicles with long-range capabilities.

Lucid reported revenues of $522.7 million, up 123% year on year, exceeding analysts’ expectations by 17.3%. Still, it was a softer quarter as it posted a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.

Interestingly, the stock is up 6.8% since the results and currently trades at $10.60.

Read our full analysis of Lucid’s results here.

With its EyeQ chips installed in over 200 million vehicles worldwide, Mobileye (NASDAQ:MBLY) develops advanced driver assistance systems and autonomous driving technologies that help vehicles detect and respond to road conditions.

Mobileye reported revenues of $446 million, down 9% year on year. This result surpassed analysts’ expectations by 3.1%. Zooming out, it was a satisfactory quarter as it also logged a solid beat of analysts’ revenue estimates but full-year revenue guidance missing analysts’ expectations significantly.

The stock is down 28.2% since reporting and currently trades at $7.81.

Read our full, actionable report on Mobileye here, it’s free.

With products estimated to save over 30,000 lives annually in traffic accidents worldwide, Autoliv (NYSE:ALV) develops and manufactures passive safety systems for vehicles, including airbags, seatbelts, and steering wheels that protect occupants during crashes.

Autoliv reported revenues of $2.82 billion, up 7.7% year on year. This number topped analysts’ expectations by 1.2%. Overall, it was a strong quarter as it also produced a beat of analysts’ EPS estimates and a narrow beat of analysts’ revenue estimates.

The stock is down 14.9% since reporting and currently trades at $107.64.

Read our full, actionable report on Autoliv here, it’s free.

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