RV manufacturer Thor Industries (NYSE:THO) will be reporting results this Wednesday before market open. Here’s what investors should know.
THOR Industries beat analysts’ revenue expectations by 8.8% last quarter, reporting revenues of $2.52 billion, flat year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but full-year revenue guidance missing analysts’ expectations significantly.
Is THOR Industries a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting THOR Industries’s revenue to decline 3.4% year on year to $2.07 billion, improving from the 14.3% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.07 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. THOR Industries has missed Wall Street’s revenue estimates twice over the last two years.
Looking at THOR Industries’s peers in the automobile manufacturing segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Ford delivered year-on-year revenue growth of 9.4%, beating analysts’ expectations by 9.1%, and General Motors reported flat revenue, topping estimates by 7.9%. Ford traded up 12.1% following the results while General Motors was also up 16.1%.
Read our full analysis of Ford’s results here and General Motors’s results here.
Investors in the automobile manufacturing segment have had fairly steady hands going into earnings, with share prices down 1.8% on average over the last month. THOR Industries is up 3.2% during the same time and is heading into earnings with an average analyst price target of $109 (compared to the current share price of $108.35).
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