Thor Industries (THO) reported $2.53 billion in revenue for the quarter ended July 2024, representing a yearover-year decline of 7.5%. EPS of $1.68 for the same period compares to $1.68 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.45 billion, representing a surprise of +3.23%. The company delivered an EPS surprise of +24.44%, with the consensus EPS estimate being $1.35. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...

Thor Industries (THO) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.68 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 24.44%. A quarter ago, it was expected that this recreational vehicle maker would post earnings of $1.89 per share when it actually produced earnings of $2.13, delivering a surprise of 12.70%. Over the last four qu ...

Wall Street analysts forecast that Thor Industries (THO) will report quarterly earnings of $1.35 per share in its upcoming release, pointing to a year-over-year decline of 19.6%. It is anticipated that revenues will amount to $2.45 billion, exhibiting a decline of 10.6% compared to the year-ago quarter. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of ...

Core Viewpoint - THOR Industries, Inc. has announced a regular quarterly cash dividend of $0.48 per share, which will be payable on July 18, 2024, to shareholders of record as of July 3, 2024 [1]. Company Overview - THOR Industries, Inc. is the sole owner of operating companies that collectively represent the world's largest manufacturer of recreational vehicles [2].

ELKHART, Ind., June 19, 2024 (GLOBE NEWSWIRE) -- THOR Industries, Inc. (NYSE: THO) today announced that its Board of Directors approved, at its June 19, 2024 meeting, the payment of a regular quarterly cash dividend of $0.48 per share. The regular cash dividend is payable on July 18, 2024, to shareholders of record at the close of business on July 3, 2024. About THOR Industries, Inc. THOR is the sole owner of operating companies which, combined, represent the world's largest manufacturer of recreational veh ...

$94.44 THOR Industries Today THO -2.92 (-3.00%) ▼ P/E Ratio 19.16 Price Target $102.00 Add to Watchlist Get THOR Industries alerts: The RV industry has had its share of ups and downs, spurred to record heights by the COVID-10 pandemic and social distancing only to contract by 50% in its wake. Today's takeaway is that the RV industry is returning to growth and is expected to accelerate over the next six quarters. As murky as the outlook for inflation and interest rates can be, it is generally accepted that t ...

The company registered revenues of $2.80 billion for the fiscal third quarter, outpacing the Zacks Consensus Estimate of $2.72 billion. The top line declined 4.4% year over year. North American Towable RVs: Revenues from the segment came in at $1.07 billion, down 4.7% year over year due to a decrease in overall net price per unit. The figure, however, topped our estimate of $1.02 billion. North American Motorized RVs: Revenues from the segment totaled $646.9 million, which fell 18.7% year over year, owing t ...

Core Insights - Thor Industries has lowered its fiscal 2024 revenue guidance to $9.8 billion to $10.1 billion from a previous estimate of $10.0 billion to $10.5 billion, and reduced its EPS forecast to $4.50 to $4.75 from $5.00 to $5.50 [1][5] - The company anticipates North American wholesale shipments to be between 315,000 and 325,000 units, down from the prior expectation of 330,000 to 340,000 units [2] - CEO Bob Martin indicated that macroeconomic conditions are a significant challenge, emphasizing the importance of maintaining operational discipline rather than pursuing temporary market share at the expense of margins and brand value [3] Financial Performance - Thor Industries reported fiscal third-quarter EPS of $2.13, with revenue declining 4.4% to $2.80 billion, both figures exceeding consensus analyst estimates [4] - Despite the positive third-quarter results, shares of Thor Industries fell over 1% to $94.87, reflecting a year-to-date decline of approximately 20% [4][5]

Core Insights - Thor Industries reported revenue of $2.8 billion for the quarter ended April 2024, a decrease of 4.4% year-over-year, with EPS at $2.13 compared to $2.24 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $2.72 billion by 3.02%, while the EPS surpassed the consensus estimate of $1.89 by 12.70% [1] Revenue and Earnings Performance - Total unit sales for recreational vehicles reached 54,520, exceeding the average estimate of 51,791 by three analysts [3] - Net sales for recreational vehicles in Europe were $931.06 million, surpassing the average estimate of $832.54 million, reflecting a year-over-year increase of 7.4% [3] - Net sales for North American recreational vehicles totaled $1.72 billion, falling short of the $1.77 billion estimate, representing a year-over-year decline of 10.5% [3] Segment Performance - North American Towable unit sales were 34,193, exceeding the average estimate of 31,760 [3] - North American Motorized unit sales were 4,964, slightly below the average estimate of 5,121 [3] - Net sales for North American Motorized recreational vehicles were $646.95 million, below the estimated $690.56 million, marking an 18.7% decline year-over-year [3] Stock Performance - Thor Industries' shares have decreased by 5.3% over the past month, contrasting with a 3.4% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Viewpoint - Thor Industries reported quarterly earnings of $2.13 per share, exceeding the Zacks Consensus Estimate of $1.89 per share, but down from $2.24 per share a year ago, indicating a 4.9% year-over-year decline in earnings [1][2] Financial Performance - The company achieved revenues of $2.8 billion for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 3.02%, but down from $2.93 billion in the same quarter last year, reflecting a year-over-year revenue decline of 4.4% [2] - Over the last four quarters, Thor Industries has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Thor Industries shares have declined approximately 18.9% since the beginning of the year, contrasting with the S&P 500's gain of 10.9% [3] - The current Zacks Rank for Thor Industries is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.10 on revenues of $2.71 billion, and for the current fiscal year, it is $5.12 on revenues of $10.13 billion [7] - The estimate revisions trend for Thor Industries is mixed, and future changes in estimates will be closely monitored following the recent earnings report [6][7] Industry Context - The Building Products - Mobile Homes and RV Builders industry, to which Thor Industries belongs, is currently ranked in the bottom 11% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Winnebago Industries, a competitor in the same industry, is expected to report a significant year-over-year earnings decline of 39% in its upcoming results [9]