Will Winnebago Industries (WGO) Crush Estimates at Its Next Earnings Report?


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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Winnebago Industries, Inc. WGO , a firm in the Building Products – Mobile Homes and RV Builders industry, which could be a great candidate for another beat.

This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, WGO has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, WGO expected to post earnings of 72 cents per share, while it actually produced earnings of 94 cents per share, a beat of 30.6%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 50 cents per share, when it actually delivered earnings of 57 cents per share, representing 14% positive surprise.

Winnebago Industries, Inc. Price and EPS Surprise

Winnebago Industries, Inc. Price and EPS Surprise | Winnebago Industries, Inc. Quote

Thanks in part to this history, recent estimates have been moving higher for Winnebago Industries. In fact, the Earnings ESP for WGO is positive, which is a great sign of a coming beat.

After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for WGO, as the firm currently has a Zacks Earnings ESP of +0.49%, so another beat could be around the corner.

This is particularly true when you consider that WGO has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see  the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .

When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that WGO could see another beat at its next report, especially if recent trends are any guide.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Referenced Symbols: WGO
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