RV manufacturer Thor Industries (NYSE:THO) will be announcing earnings results this Wednesday before market open. Here’s what to look for.
THOR Industries beat analysts’ revenue expectations by 10.1% last quarter, reporting revenues of $2.89 billion, up 3.3% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is THOR Industries a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting THOR Industries’s revenue to decline 8.4% year on year to $2.32 billion, in line with the 7.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.23 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. THOR Industries has missed Wall Street’s revenue estimates three times over the last two years.
Looking at THOR Industries’s peers in the industrials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Mercury Systems delivered year-on-year revenue growth of 9.9%, beating analysts’ expectations by 11.9%, and LSI reported revenues up 20.2%, topping estimates by 11.6%. Mercury Systems traded up 26.7% following the results while LSI was also up 22.6%.
Read our full analysis of Mercury Systems’s results here and LSI’s results here.
Investors in the industrials segment have had steady hands going into earnings, with share prices up 1.7% on average over the last month. THOR Industries is down 8.2% during the same time and is heading into earnings with an average analyst price target of $95.50 (compared to the current share price of $101.67).
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.