Winnebago Earnings: WGO Stock Recovers After Falling Sales News

WGO beat EPS estimates by 13 cents

Winnebago earnings for the company’s fiscal third quarter of 2019 has WGO stock up on Wednesday.

Winnebago Earnings: WGO Stock Recovers After Falling Sales News
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Winnebago (NYSE:WGO) reports revenue of $528.94 million for its fiscal third quarter of the year. This is a drop from the company’s revenue of $562.26 million reported in the same period of the year prior. It was also below Wall Street’s revenue estimate of $564.03 million for the quarter, but that wasn’t keeping WGO stock down today.

The Winnebago earnings report for its fiscal third quarter of 2019 also includes earnings per share of $1.14. This is better than the company’s earnings per share of $1.02 reported in its fiscal third quarter of 2018. It was also a boon to WGO stock by beating out analysts’ earnings per share estimate of $1.01 for the period.

Winnebago earnings for its fiscal third quarter of the year has net income coming in at $36.17 million. That’s an increase over the company’s net income of $32.52 million reported during the same time last year.

Operating income reported in the Winnebago earnings release for its fiscal third quarter of 2019 comes in at $48.97 million. This is up from the motor home manufacturer’s operating income of $48.23 million reported in its fiscal third quarter of the previous year.

WGO stock started off the day down 4% on the poor sales news. However, it is now up 2% as of Wednesday afternoon. WGO stock is also up 54% since the start of the year.

As of this writing, William White did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2019/06/winnebago-earnings-wgo-stock-recovers-after-falling-sales-news/.

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