Thor Industries (THO) closed the last day of trading at USD 119.31, down -1.9% from previous trading. That change fell short of the S&P 500’s 0.08% loss for the day.
To date, the recreational vehicle maker’s shares had lost 11.23% over the past month. At the same time, the construction sector rose 0.93%, while the S&P 500 rose 0.73%.
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 was for revenue of $ 2.85 billion, an increase of 69.31% over the year-ago quarter.
THO’s Zacks Consensus estimates for the full year project earnings of $ 9.55 per share and revenue of $ 11.13 billion. These results would mean changes compared to the previous year of + 101.48% and + 36.27% respectively.
Investors may also note the recent changes in analysts’ guidance for THO. The recent revisions tend to reflect the latest short-term business trends. As a result, we can interpret positive estimates as a good sign of the company’s business outlook.
Based on our research, we believe these estimates are directly related to team-based stock movements. Investors can take advantage of this using the Zacks range. This model takes these changes in estimates into account and provides a simple, actionable rating system.
The Zacks Rank system ranges from No. 1 (strong buy) to No. 5 (strong sell) and has a proven, externally verified track record of outperformance. Since 1988, the # 1 stock has achieved an average annual return of + 25%. The Zacks Consensus The EPS estimate remained flat over the last month. THO currently has a Zacks rank of # 3 (Hold).
Valuation is also important, so investors should note that THO currently has a Forward P / E ratio of 12.73. This isn’t a noticeable departure from the industry’s average forward P / E of 12.73.
The Construction Products – Mobile Homes and RV Builders industry is part of the Construction Sector. This group has a Zacks industry ranking of 63 and is therefore in the top 25% of all over 250 industries.
The Zacks industry rank measures the strength of our industry groups based on the average Zacks rank of the individual stocks within the groups. Our research shows that the industries with the top 50% outperform the bottom half by a factor of 2 to 1.
Use Zacks.com to follow THO in the upcoming trading sessions.
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