Why Winnebago Stock Just Jumped 10%

Shares of RV powerhouse Winnebago Industries (NYSE: WGO) jumped after reporting a big fiscal Q1 2020 earnings beat this morning, and were up 10% as of 12:10 p.m. EST.

Analysts had expected Winnebago to report $0.57 per share in pro forma earnings and sales of $538.9 million for its first fiscal quarter 2020, but the company beat those predictions with a stick. In fact, pro forma earnings came in 28% ahead of expectations at $0.73 per share, and sales were nearly $50 million more than expected at $588.5 million.

Image source: Getty Images.

Continue reading

Source Fool.com