THOR Industries (THO) Reports Q2: Everything You Need To Know Ahead Of Earnings
RV manufacturer Thor Industries (NYSE:THO) will be announcing earnings results this Tuesday before market hours. Here’s what investors should know.
THOR Industries beat analysts’ revenue expectations last quarter, reporting revenues of $2.78 billion, down 3.9% year on year. It was a softer quarter for the company, with full-year EPS guidance missing analysts’ expectations significantly and a significant miss of analysts’ EBITDA estimates.
Is THOR Industries a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting THOR Industries’s revenue to decline 13.8% year on year, a deceleration from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. THOR Industries rarely misses Wall Street’s revenue estimates.
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. AAON delivered year-on-year revenue growth of 101%, beating analysts’ expectations by 24.6%, and Keysight reported revenues up 36.5%, topping estimates by 5.8%. AAON traded down 9.5% following the results while Keysight was also down 6.3%.
Read our full analysis of AAON’s results here and Keysight’s results here.
Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the industrials stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5% on average over the last month. THOR Industries is down 15.3% during the same time and is heading into earnings with an average analyst price target of $88.50 (compared to the current share price of $67.31).
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