TOWABLE AND RV TO THE RESCUE
Back in December, The Winnebago stock jumped 15% in premarket trade shortly after the first-quarter earnings release.
This bull run was after the company topped analyst expectations on revenue and earnings. Then, revenues increased 9.7% on strong growth in the Towable segment, while net income soared 23.4%. For the first quarter, diluted earnings soared 22.8% to $0.70 per share from a year ago.
Following the trend of strong momentum in the North American RV business, it is expected that the company would gain from the RV side this time around as well.
As Winnebago readies itself for earnings early on Monday, all eyes would be on the RV and the Towable segments. This could shape how investors would see the stock faring, rather than the overall numbers.