Thor Industries Inc reports results for the quarter ended in April - Earnings Summary

THOR Industries

05/06/2024 14:52

* Thor Industries Inc  THO.N  reported quarterly adjusted
earnings
of $2.13​​ per share for the quarter ended in April, lower than
the same quarter last year, when the company reported EPS of
$2.24.  The mean expectation of thirteen analysts for the
quarter was for earnings of $1.86 per share. Wall Street
expected results to range from $1.68  to $2.13 per share.
    * Revenue fell 4.4% to $2.80 billion from a year ago;
analysts
expected $2.73 billion. 
    * Thor Industries Inc's reported EPS for the quarter was
$2.13​.
    * The company reported quarterly net income of $114.51
million.
    * Thor Industries Inc shares had fallen by 18.2% this
quarter and
lost 18.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 9
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the recreational
products peer group is also "hold"

Wall Street's median 12-month price target for Thor Industries
Inc is $100.00 
This summary was machine generated from LSEG data June 5 at
01:52 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      1.86           2.13           Beat
 Jan. 31 2024      0.67           0.35           Missed
 Oct. 31 2023      0.98           0.99           Beat
 Jul. 31 2023      0.96           1.68           Beat