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Unlocking Q2 Potential of Thor Industries (THO): Exploring Wall Street Estimates for Key Metrics

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In its upcoming report, Thor Industries (THO - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.69 per share, reflecting an increase of 38% compared to the same period last year. Revenues are forecasted to be $2.3 billion, representing a year-over-year decrease of 2.1%.

The consensus EPS estimate for the quarter has undergone an upward revision of 0.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.

That said, let's delve into the average estimates of some Thor Industries metrics that Wall Street analysts commonly model and monitor.

The consensus estimate for 'Net Sales- Recreational vehicles- North American Towable' stands at $804.79 million. The estimate points to a change of -3% from the year-ago quarter.

The collective assessment of analysts points to an estimated 'Net Sales- Recreational vehicles- North American Motorized' of $691.52 million. The estimate indicates a change of -6.4% from the prior-year quarter.

Analysts forecast 'Net Sales- Other' to reach $146.62 million. The estimate indicates a year-over-year change of -11.1%.

Analysts predict that the 'Net Sales- Recreational vehicles- European' will reach $695.44 million. The estimate indicates a change of +7.5% from the prior-year quarter.

View all Key Company Metrics for Thor Industries here>>>

Over the past month, shares of Thor Industries have returned +10.2% versus the Zacks S&P 500 composite's +5.2% change. Currently, THO carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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