Thor Industries, Inc. (NYSE:THO) is reporting fourth quarter earnings results on Monday 28th September 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.34 per share.
For the full year, analysts predict revenues of $ 8131.49 million, while looking forward to income of $ 3.35 per share.
Previous Quarter Performance
Thor Industries, Inc. posted income for the third quarter of $ 0.43 per share, from the revenue of $ 1,682.00 million. The quarterly earnings declined 73.94 percent while revenues dropped 32.90 percent compared with the same quarter last year.
Street analysts expected Thor Industries, Inc. to report loss of $ 0.26 per share on revenue of $ 1678.09 million for the third quarter. The bottom line results beat street analysts by $ 0.69 or 265.38 percent, at the same time, top line results outshined analysts by $ 3.91 million or 0.23 percent.
Stock Performance
On Friday, shares of Thor Industries, Inc. has traded high as $ 96.74 and has cracked $ 91.60 on the downward trend, reaching $ 93.21 with volume of 1.58 million shares.
According to the previous trading day, closing price of $ 93.21, representing a 184.67 % increase from the 52 week low of $ 32.30 and a 24.21 % decrease over the 52 week high of $ 121.33.
The company has a market capital of $ 5.15 billion and is part of the Consumer Cyclical sector and Recreational Vehicles industry.
Recent Analyst recommendations
- On 9th September 2020, upgraded by BMO Capital Markets to Outperform from Market Perform rating, with $ 105.00 target price.
Thor Industries, Inc., through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
