Analysts Estimate Thor Industries (THO) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Thor Industries (THO) is expected to report a year-over-year decline in earnings due to lower revenues for the quarter ended April 2024, with the consensus outlook being crucial for assessing the company's earnings picture [1] Earnings Expectations - The upcoming earnings report is anticipated to show quarterly earnings of $1.92 per share, reflecting a year-over-year decrease of 14.3% [3] - Revenues are projected to be $2.77 billion, down 5.6% from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised 3.86% lower in the last 30 days, indicating a reassessment by analysts regarding the company's earnings prospects [4] - The Most Accurate Estimate for Thor Industries is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -4.17% [10] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with significant predictive power for positive readings only [7] - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have historically produced a positive surprise nearly 70% of the time [8] Historical Performance - In the last reported quarter, Thor Industries was expected to post earnings of $0.69 per share but only achieved $0.40, resulting in a surprise of -42.03% [12] - Over the past four quarters, the company has beaten consensus EPS estimates three times [13] Conclusion - Thor Industries does not appear to be a compelling candidate for an earnings beat based on current estimates and rankings, suggesting that investors should consider other factors before making investment decisions [16]