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Why Thor Industries (THO) Could Be Positioned for a Surge


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Thor Industries, Inc. THO is a manufacturer of a wide range of recreational vehicles that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ESIO's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that ESIO International could be a solid choice for investors.

Current Quarter Estimates for THO

In the past 30 days, four estimates have gone higher for Thor Industries' while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $1.56 a share 30 days ago to $1.85 per share today.

Current Year Estimates for THO

Meanwhile, Thor Industries' current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $8.14 per share 30 days ago to $8.95 per share today, an increase of 10%.

Thor Industries, Inc. Price and Consensus

Thor Industries, Inc. Price and Consensus | Thor Industries, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 17.12% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see  the complete list of today's Zacks #1 (Strong Buy) Rank stocks here .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas , Stocks
Referenced Symbols: THO


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