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) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
For the quarter ended July 2023, Thor Industries (THO - Free Report) reported revenue of $2.74 billion, down 28.4% over the same period last year. EPS came in at $1.68, compared to $5.15 in the year-ago quarter.
The reported revenue represents a surprise of +11.45% over the Zacks Consensus Estimate of $2.46 billion. With the consensus EPS estimate being $0.97, the EPS surprise was +73.20%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Thor Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Units - Recreation Vehicles-European: 17548 compared to the 19103.93 average estimate based on three analysts.
Units - Recreational vehicles - North American Towable: 24563 compared to the 28777.92 average estimate based on three analysts.
Unit sales - Total: 47152 versus 55681.34 estimated by three analysts on average.
Unit sales - Total recreation vehicles(Total North America): 29604 versus the three-analyst average estimate of 36577.41.
Units - Recreational vehicles - North American Motorized: 5041 versus the three-analyst average estimate of 7799.5.
Net Sales- Recreational vehicles- European: $1.02 billion versus the four-analyst average estimate of $736.58 million. The reported number represents a year-over-year change of +26.3%.
Net Sales- Recreational vehicles- Total North America: $1.59 billion compared to the $1.54 billion average estimate based on four analysts.
Net Sales- Recreational vehicles- North American Towable: $930.66 million versus the four-analyst average estimate of $846.75 million. The reported number represents a year-over-year change of -48.2%.
Net Sales- Total Recreational vehicles: $2.61 billion versus $2.28 billion estimated by four analysts on average.
Net Sales- Recreational vehicles- North American Motorized: $656.13 million versus the four-analyst average estimate of $696.56 million. The reported number represents a year-over-year change of -36%.
Net Sales- Intercompany eliminations: $46.85 million compared to the -$52.33 million average estimate based on three analysts. The reported number represents a change of -148.7% year over year.
Net Sales- Other: $178.97 million versus $196.46 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -38.4% change.
Shares of Thor Industries have returned -8.3% over the past month versus the Zacks S&P 500 composite's -1.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Thor Industries (THO) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended July 2023, Thor Industries (THO - Free Report) reported revenue of $2.74 billion, down 28.4% over the same period last year. EPS came in at $1.68, compared to $5.15 in the year-ago quarter.
The reported revenue represents a surprise of +11.45% over the Zacks Consensus Estimate of $2.46 billion. With the consensus EPS estimate being $0.97, the EPS surprise was +73.20%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Thor Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Units - Recreation Vehicles-European: 17548 compared to the 19103.93 average estimate based on three analysts.
- Units - Recreational vehicles - North American Towable: 24563 compared to the 28777.92 average estimate based on three analysts.
- Unit sales - Total: 47152 versus 55681.34 estimated by three analysts on average.
- Unit sales - Total recreation vehicles(Total North America): 29604 versus the three-analyst average estimate of 36577.41.
- Units - Recreational vehicles - North American Motorized: 5041 versus the three-analyst average estimate of 7799.5.
- Net Sales- Recreational vehicles- European: $1.02 billion versus the four-analyst average estimate of $736.58 million. The reported number represents a year-over-year change of +26.3%.
- Net Sales- Recreational vehicles- Total North America: $1.59 billion compared to the $1.54 billion average estimate based on four analysts.
- Net Sales- Recreational vehicles- North American Towable: $930.66 million versus the four-analyst average estimate of $846.75 million. The reported number represents a year-over-year change of -48.2%.
- Net Sales- Total Recreational vehicles: $2.61 billion versus $2.28 billion estimated by four analysts on average.
- Net Sales- Recreational vehicles- North American Motorized: $656.13 million versus the four-analyst average estimate of $696.56 million. The reported number represents a year-over-year change of -36%.
- Net Sales- Intercompany eliminations: $46.85 million compared to the -$52.33 million average estimate based on three analysts. The reported number represents a change of -148.7% year over year.
- Net Sales- Other: $178.97 million versus $196.46 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -38.4% change.
View all Key Company Metrics for Thor Industries here>>>Shares of Thor Industries have returned -8.3% over the past month versus the Zacks S&P 500 composite's -1.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.