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Surging Earnings this week

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June 27, 2014 – Comments (0) | RELATED TICKERS: WGO

Winnebago announced impressive results on Thursday that were boosted by a recovering US economy and improving consumer confidence that are enabling the return of big ticket purchases.  Earnings jumped 49% due to strong retail sales as deliveries of motor homes jumped 18%.  As usual, the result was ahead of forecasts with full year ending August EPS projections now standing at $1.59.  At the current price of $24.19 the stock is trading at a forward PE of 15.20 compared to historic growth of 55% with analysts projecting continued strength. 

The author is a blogger at SurgingEarnings.com

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