Advertisement
U.S. markets closed
  • S&P 500

    5,088.80
    +1.77 (+0.03%)
     
  • Dow 30

    39,131.53
    +62.42 (+0.16%)
     
  • Nasdaq

    15,996.82
    -44.80 (-0.28%)
     
  • Russell 2000

    2,016.69
    +2.85 (+0.14%)
     
  • Crude Oil

    76.57
    -2.04 (-2.60%)
     
  • Gold

    2,045.80
    +15.10 (+0.74%)
     
  • Silver

    22.98
    +0.19 (+0.84%)
     
  • EUR/USD

    1.0823
    -0.0005 (-0.04%)
     
  • 10-Yr Bond

    4.2600
    -0.0670 (-1.55%)
     
  • GBP/USD

    1.2673
    +0.0015 (+0.12%)
     
  • USD/JPY

    150.4400
    -0.0600 (-0.04%)
     
  • Bitcoin USD

    50,989.32
    -149.10 (-0.29%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,706.28
    +21.79 (+0.28%)
     
  • Nikkei 225

    39,098.68
    +836.48 (+2.19%)
     

Curious about Thor Industries (THO) Q1 Performance? Explore Wall Street Estimates for Key Metrics

Analysts on Wall Street project that Thor Industries (THO) will announce quarterly earnings of $0.87 per share in its forthcoming report, representing a decline of 65.6% year over year. Revenues are projected to reach $2.51 billion, declining 19.2% from the same quarter last year.

The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

Bearing this in mind, let's now explore the average estimates of specific Thor Industries metrics that are commonly monitored and projected by Wall Street analysts.

The average prediction of analysts places 'Net Sales- Recreational vehicles- North American Towable' at $1.00 billion. The estimate points to a change of -24% from the year-ago quarter.

The consensus estimate for 'Net Sales- Recreational vehicles- North American Motorized' stands at $791.81 million. The estimate suggests a change of -29.5% year over year.

It is projected by analysts that the 'Net Sales- Other' will reach $191.51 million. The estimate indicates a year-over-year change of -17.7%.

Analysts forecast 'Net Sales- Recreational vehicles- European' to reach $569.28 million. The estimate suggests a change of +12.9% year over year.

View all Key Company Metrics for Thor Industries here>>>

Shares of Thor Industries have demonstrated returns of +6.7% over the past month compared to the Zacks S&P 500 composite's +9.2% change. With a Zacks Rank #3 (Hold), THO is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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

Thor Industries, Inc. (THO) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Advertisement