Thor Industries (THO - Free Report) closed the most recent trading day at $114.70, moving +1.86% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.23%.
Heading into today, shares of the recreational vehicle maker had lost 5.73% over the past month, lagging the Construction sector's loss of 1.07% and the S&P 500's gain of 0.65% in that time.
THO will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.85, up 33.18% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.33 billion, up 43.15% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for THO. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.48% higher. THO currently has a Zacks Rank of #3 (Hold).
Investors should also note THO's current valuation metrics, including its Forward P/E ratio of 10. Its industry sports an average Forward P/E of 10, so we one might conclude that THO is trading at a no noticeable deviation comparatively.
The Building Products - Mobile Homes and RV Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 6, which puts it in the top 3% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
Thor Industries (THO - Free Report) closed the most recent trading day at $114.70, moving +1.86% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.23%.
Heading into today, shares of the recreational vehicle maker had lost 5.73% over the past month, lagging the Construction sector's loss of 1.07% and the S&P 500's gain of 0.65% in that time.
THO will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.85, up 33.18% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.33 billion, up 43.15% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for THO. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.48% higher. THO currently has a Zacks Rank of #3 (Hold).
Investors should also note THO's current valuation metrics, including its Forward P/E ratio of 10. Its industry sports an average Forward P/E of 10, so we one might conclude that THO is trading at a no noticeable deviation comparatively.
The Building Products - Mobile Homes and RV Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 6, which puts it in the top 3% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
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