In its upcoming report, Thor Industries (THO) is predicted by Wall Street analysts to post quarterly earnings of $0.95 per share, reflecting a decline of 58.9% compared to the same period last year. Revenues are forecasted to be $2.15 billion, representing a year-over-year decrease of 14.7%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Thor Industries metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Net Sales- Recreational vehicles- North American Motorized' to reach $525.44 million. The estimate points to a change of -5.7% from the year-ago quarter.
The consensus estimate for 'Net Sales- Recreational vehicles- North American Towable' stands at $613.29 million. The estimate indicates a change of -31% from the prior-year quarter.
According to the collective judgment of analysts, 'Net Sales- Recreational vehicles- Total' should come in at $1.97 billion. The estimate indicates a year-over-year change of -16.6%.
Based on the collective assessment of analysts, 'Net Sales- Recreational vehicles- European' should arrive at $854.30 million. The estimate indicates a year-over-year change of -7.5%.
Analysts' assessment points toward 'Net Sales- Recreational vehicles- Total North America' reaching $1.14 billion. The estimate indicates a change of -21.3% from the prior-year quarter.
The combined assessment of analysts suggests that 'Unit Shipments - Recreational vehicles - European' will likely reach 11,641 . The estimate is in contrast to the year-ago figure of 12,873 .
The collective assessment of analysts points to an estimated 'Unit Shipments - Recreational vehicles - North American Towable' of 18,105 . The estimate compares to the year-ago value of 25,682 .
Analysts expect 'Unit Shipments - Total' to come in at 34,028 . The estimate compares to the year-ago value of 42,934 .
Analysts predict that the 'Unit Shipments - Recreational vehicles - Total North America' will reach 22,387 . Compared to the current estimate, the company reported 30,061 in the same quarter of the previous year.
It is projected by analysts that the 'Unit Shipments - Recreational vehicles - North American Motorized' will reach 4,282 . The estimate compares to the year-ago value of 4,379 .
The consensus among analysts is that 'Gross Profit- Recreational vehicles- North American Motorized' will reach $55.82 million. Compared to the current estimate, the company reported $62.87 million in the same quarter of the previous year.
The average prediction of analysts places 'Gross Profit- Other' at $46.55 million. Compared to the present estimate, the company reported $45.53 million in the same quarter last year.
View all Key Company Metrics for Thor Industries here>>>Thor Industries shares have witnessed a change of -12.9% in the past month, in contrast to the Zacks S&P 500 composite's -2.9% move. With a Zacks Rank #2 (Buy), THO is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Thor Industries, Inc. (THO): Free Stock Analysis Report
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