We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Thor Industries (THO - Free Report) is a Zacks Rank #5 (Strong Sell) after missing its last quarter in mid-September and as it prepares to report again in early December. Estimates have slipped and let's look at why it is a Zacks Rank #5 (Strong Sell) in this Bear of the Day article.
Description
Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada.
Recent Earnings
Back on September 20, the company missed the Zacks Consensus Estimate by $0.26 in reporting earnings of $1.67. The Zacks Consensus Estimate was looking for $1.93 so that translates into a negative earnings surprise of 13.4%.
This was the second miss in a row of the Zacks Consensus Estimate, with the prior quarter being a negative earnings surprise of 4.5%.
Estimates Fall
Over the last 90 days, estimates for THO have dropped. The Zacks Consensus Estimate for the current quarter slipped to $1.53 from $2.07 while the number for next quarter also slipped to $1.60 from $1.97.
The Zacks Consensus Estimate for the current year has dropped from $9.26 to $8.00 over that 90 day time horizon and the next fiscal year number has also slipped from $10.45 to $8.77.
Large drops like that in the Zacks Consensus Estimate will push a stocks rank down to the lower levels. That is just what happened to THO.
Upcoming Earnings
I see THO slated to report on December 6 before the market opens. Right now, there is a slightly negative Earnings ESP, so the most recently updated estimate by an analyst came in just below the consensus.
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Bear of the Day: Thor Industries (THO)
Thor Industries (THO - Free Report) is a Zacks Rank #5 (Strong Sell) after missing its last quarter in mid-September and as it prepares to report again in early December. Estimates have slipped and let's look at why it is a Zacks Rank #5 (Strong Sell) in this Bear of the Day article.
Description
Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada.
Recent Earnings
Back on September 20, the company missed the Zacks Consensus Estimate by $0.26 in reporting earnings of $1.67. The Zacks Consensus Estimate was looking for $1.93 so that translates into a negative earnings surprise of 13.4%.
This was the second miss in a row of the Zacks Consensus Estimate, with the prior quarter being a negative earnings surprise of 4.5%.
Estimates Fall
Over the last 90 days, estimates for THO have dropped. The Zacks Consensus Estimate for the current quarter slipped to $1.53 from $2.07 while the number for next quarter also slipped to $1.60 from $1.97.
The Zacks Consensus Estimate for the current year has dropped from $9.26 to $8.00 over that 90 day time horizon and the next fiscal year number has also slipped from $10.45 to $8.77.
Large drops like that in the Zacks Consensus Estimate will push a stocks rank down to the lower levels. That is just what happened to THO.
Upcoming Earnings
I see THO slated to report on December 6 before the market opens. Right now, there is a slightly negative Earnings ESP, so the most recently updated estimate by an analyst came in just below the consensus.
Chart
Thor Industries, Inc. Price and Consensus
Thor Industries, Inc. Price and Consensus | Thor Industries, Inc. Quote
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>