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Thor Industries (THO) Dips More Than Broader Markets: What You Should Know

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Thor Industries (THO - Free Report) closed the most recent trading day at $117.97, moving -1.76% from the previous trading session. This change lagged the S&P 500's daily loss of 0.09%.

Coming into today, shares of the recreational vehicle maker had gained 8.13% in the past month. In that same time, the Construction sector gained 3.22%, while the S&P 500 gained 2.28%.

THO will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.84, up 32.71% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.27 billion, up 40.69% from the year-ago period.

Any recent changes to analyst estimates for THO should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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 0.97% higher. THO currently has a Zacks Rank of #1 (Strong Buy).

Looking at its valuation, THO is holding a Forward P/E ratio of 10.71. Its industry sports an average Forward P/E of 10.71, 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 12, which puts it in the top 5% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.

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