Thor Industries (THO) Beats Q3 Earnings and Revenue Estimates

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]