New to Investing? This 1 Construction Stock Could Be the Perfect Starting Point

[view original post]

If you’re a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That’s why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that’s been proven to generate strong returns.

Now, let’s break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.

Why You Should Pay Attention to Winnebago Industries (WGO)

Headquartered in Iowa, Winnebago Industries is a leading producer of recreational vehicles in the United States. The motorhomes or RVs are made in the company’s vertically integrated manufacturing facilities in Iowa, while the travel trailer and fifth wheel trailers are produced in Indiana. Winnebago distributes its RV and marine products through independent dealers throughout the United States and Canada.

Since being added to the Zacks Focus List on July 18, 2016 at $23.30 per share, shares of WGO have increased 128.24% to $53.18.

Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0.21 to $12.51. WGO boasts an average earnings surprise of 27.1%.

Earnings for Winnebago Industries are forecasted to see growth of 46.3% for the current fiscal year as well.

It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like WGO, there’s a great chance you’ll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Winnebago Industries, Inc. (WGO) : Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research