Winnebago is scheduled to report earnings before Wednesday's open. The stock hit a record high of $40.64 a share in 2004 and is currently trading near $29/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:
Earnings Preview:
Winnebago is expected to earn $0.45/share on $342.50 million in revenue. Meanwhile, the so-called Whisper number is $0.47. The Whisper number is the Street's unofficial view on earnings.
Company Profile & Various Businesses:
Here is a brief company profile courtesy of Thomson Reuters Eikon:
Winnebago Industries, Inc., incorporated on February 12, 1958, is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles. The Company offers products under categories, which include motorhomes, towables and other manufactured products. The Company produces all of its motorhomes in vertically integrated manufacturing facilities in Iowa and it produces all travel trailer and fifth wheel trailers in Indiana. The Company distributes its products primarily through independent dealers throughout the United States and Canada, who then retail the products to the end consumer.
Competition:
The Company competes with other automotive and recreational vehicle companies such as: Thor Industries, Inc., Polaris Industries Inc., Brunswick Corporation, Pool Corporation, Shutterfly, Inc.
Pay Attention To How The Stock Reacts To The News:
From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.
