THO Stock Recent News

Shares of Thor Industries (NYSE:THO) declined 1% in extended trading despite the company's fiscal fourth results surpassing expectations on the top and bottom lines, following a 2% gain during the Monday session.  The recreational vehicles producer posted earnings of $1.68 per share, down from $5.15 per share a year earlier and topping Street expectations of $0.96 per share.

Shares of Thor Industries Inc. THO, +2.03% fell after hours Monday after the RV maker forecast full-year profit and sales that missed expectations, adding that it expected subdued consumer demand to continue in the months ahead. Management said it expected full-year sales of $10.5 billion to $11.0 billion, with earnings per share of $6.25 to $7.25, compared to FactSet forecasts for $10.86 billion and $7.12, respectively.

The Zacks Consensus Estimate for Thor's (THO) Q4 earnings per share and revenues is pegged at 96 cents and $2.45 billion, respectively.

Thor Industries (THO) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Thor Industries (THO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Thor Industries (THO) reported earnings 30 days ago. What's next for the stock?

Shares of the RV maker soared recently on an encouraging quarterly report. Thor made progress at clearing out older dealership inventory in early 2023.

Thor is still generating positive earnings and cash flow as the industry contracts. Inventory levels should support a strong rollout for the model year 2024 products.