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

THOR Industries

06/12/2023 17:40

* Thor Industries Inc  THO.N  reported quarterly adjusted
earnings
of 99 cents​​ per share for the quarter ended in October, lower
than the same quarter last year, when the company reported EPS
of $2.53.  The mean expectation of eleven analysts for the
quarter was for earnings of 98 cents per share. Wall Street
expected results to range from 66 cents to $1.25 per share.
    * Revenue fell 19.5% to $2.50 billion from a year ago;
analysts
expected $2.50 billion. 
    * Thor Industries Inc's reported EPS for the quarter was 99
cents​.
    * The company reported quarterly net income of $53.57
million.
    * Thor Industries Inc shares had risen by 8.3% this
quarter and
gained 36.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 9
"hold" and 2 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Thor
Industries
Inc is $89.00 

This summary was machine generated from LSEG data December 6 at
05:39 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
 Oct. 31 2023      0.98           0.99           Beat
 Jul. 31 2023      0.96           1.68           Beat
 Apr. 30 2023      1.06           2.24           Beat
 Jan. 31 2023      0.99           0.50           Missed