Thor Industries (THO) is the largest maker of recreational vehicles in the world, with $10 billion in annual sales through various subsidiaries including Airstream, Thor Motor Coach, Tiffin Motorhomes, DRV, Keystone, Heartland, KZ and Jayco.
Thor was a giant winner in the pandemic environment when more people, from the retired to the merely remote, hit the road. Sales surged to over $16 billion and profit hit a trailing 12-month peak over $20 EPS.
The Zacks Rank identified a downward revision trend in EPS estimates in July and since their last quarterly report in September, the slide has continued.
Thor reported earnings of $1.68 per share for the fourth quarter of fiscal 2024 (ended July 31, 2024), which beat the Zacks Consensus Estimate of $1.35 by 24%. The bottom line remained flat from the year-ago quarter’s earnings.
The company registered revenues of $2.53 billion for the fiscal fourth quarter, surpassing the Zacks Consensus Estimate of $2.46 billion. The top line, however, declined 7.4% year over year.
After this report, analysts lowered their full-year fiscal 2025 EPS consensus from $6.76 to $4.85, representing a 1.8% annual decline. And next fiscal year (starts August 2026) was clipped from $8.23 to $6.81.
You can learn more about Thor business segments in this update after earnings...
Thor Q4 Earnings Surpass Expectations, Revenues Decline Y/Y
It looks like the RV business is back to normal for Thor. Investors who envision the next "hit the road" surge may be looking for buying opportunities as expectations stabilize. The Zacks Rank will let you know.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners UpThor Industries, Inc. (THO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
