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Thor Industries (THO) in Focus: Stock Falls 5.9%

Thor Industries Inc. ( THO ) saw a big move last session, as the company's shares fell nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $51.82 to $56.02 in the past one-month time frame.

On Sep 21, the company reported fourth-quarter results that failed to meet the Zacks Consensus Estimate.

This slump shouldn't be too much of a surprise to investors, as the company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

THO currently has a Zacks Rank #4 (Sell).

A better-ranked stock in the construction sector is M/I Homes, Inc. ( MHO ), which currently carries a Zacks Rank #1 (Strong Buy).

Is THO going up? Or down? Predict to see what others think: Up or Down

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THOR INDS INC (THO): Free Stock Analysis Report

M/I HOMES INC (MHO): Free Stock Analysis Report

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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.


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

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