Thor Industries (THO) closed at USD 131.80 in the last trading session, a movement of + 1.68% compared to the previous day. That change outpaced the S&P 500’s 1.49% gain that day.
To date, the recreational vehicle maker’s shares had lost 5.45% over the past month. During this period the construction sector gained 2.98% while the S&P 500 lost 0.62%.
Investors are hoping for strength from THO as it nears its next earnings release. For this report, analysts expect THO to post earnings of $ 2.31 per share. This would mean a growth of 437.21% compared to the previous year. Our latest consensus estimate is for quarterly revenue of $ 2.85 billion, an increase of 69.31% over the same period last year.
Looking at the full year, our Zacks Consensus estimates expect analysts to expect earnings of $ 9.55 per share and revenue of $ 11.13 billion. These sums would mean changes of + 101.48% and + 36.27% compared to the previous year.
Investors may also note the recent changes in analysts’ guidance for THO. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive revisions to estimates reflect analysts’ optimism about the company’s business and profitability.
Our research shows that these changes in estimates correlate directly with short-term stock prices. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these estimation changes into account and provides an actionable rating system.
The Zacks rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive, externally verified track record of outperformance, with the # 1 stocks an average annual rate since 1988 Achieve a return of + 25% In the last 30 days, our EPS consensus forecast has stagnated. THO currently has a Zacks rank of # 3 (Hold).
In terms of valuation, THO currently has a forward P / E ratio of 13.57. This isn’t a noticeable departure from the industry’s average forward P / E of 13.57.
The Construction Products – Mobile Homes and RV Builders industry is part of the Construction Sector. This industry currently has a Zacks industry ranking of 62, making it one of the top 25% of all over 250 industries.
The Zacks Industry Rank ranks best to worst in terms of the average Zacks rank of each company in each of these sectors. Our research shows that the industries with the top 50% outperform the bottom half by a factor of 2 to 1.
For more information on all of these metrics and more, visit Zacks.com.
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