nysewgo
Discusses the Winnebago result and what induced the selling on what looked like a beat at first glance Shares of America’s leading motorhome manufacturer Winnebago Industries, Inc. (NYSE:WGO) slipped -10.2% on Wednesday after what seemed like an earnings beat at a first glance. WGO reached a low point of $52.21 with -13.2% in daily losses before recouping some gains and losing above $54. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready ...
ValueWalk
Winnebago Is A Comfortable Way To Ride Out The RecessionWhether you believe a recession is coming is irrelevant, at least in the case of Winnebago (NYSE:WGO). The company’s branding, quality, and industry trends have it on a path of outperformance that could easily last into the end of 2023. The company’s FQ3 results were not just strong but so far above the analyst’s consensus figures, that it makes us wonder if they were paying attention. We know the analysts are paying attention, BTW, because the RV industry has been one of the most closely watched since the pandemic began. Unlike other pan...
ValueWalk
Recreational vehicle (RV) manufacturer Winnebago Industries (NYSE:WGO) shares have been selling off with the benchmark indices and continues to sell-off despite the market rebound. The iconic maker of campers and RVs has enjoyed a resurgence of demand fueled by pandemic lockdowns that caused consumers to discover outdoor leisure and lifestyles. The advent of remote work also inspired many workers to transform their RVs into mobile offices as they maintain engagement through virtual meetings. The new normal continues to inspire a new generation of elastic office and flexible workers. While risi...
ValueWalk
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