Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. We expect an in-line return from the stock in the next few months. Notably, Thor Industries has a Zacks Rank #3 (Hold).
If you aren't focused on one strategy, this score is the one you should be interested in.Įstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Overall, the stock has an aggregate VGM Score of A. Thor Industries delivers, whether it’s a luxurious Class A or an entry-level travel trailer. Since they have such a large family of brands, almost anyone can find the perfect RV. They’ve been in the business since 1980 and have enjoyed huge success over the decades. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy. Thor Industries has one of the best reputations in the RV world. The consensus estimate has shifted 11.21% due to these changes.Īt this time, Thor Industries has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. In the past month, investors have witnessed an upward trend in estimates review. How Have Estimates Been Moving Since Then? Consolidated backlog as of quarter-end was $13.88 billion, reflecting a year-over-year decline of 3%. Always check with a dealer on a safety method to access your RV’s roof.
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Having some extra sealant on-hand is helpful in case you do find a crack or split. Financials and Consolidated BacklogĪs of Apr 30, 2022, Thor had cash and cash equivalents of $331.9 million and long-term debt of $1983.6 million. We recommend getting up on your RV’s roof every three to six months and checking all of the sealantsthis includes your roof’s edges, any air vents, vent pipes, and screw heads. The backlog of the segment was $2.8 billion, reflecting a drop from $3.3 billion recorded on Apr 30, 2021. The segment incurred a pretax income of $20.6 million, lower than the year-ago level of $44 million. The top line also missed the consensus mark of $870 million. The top line also surged 34.6% year over year.Įuropean RVs : Revenues from the segment came in at $724 million, down 19% from the year-ago period. The company registered revenues of $4,657.5 million for the quarter under review, topping the Zacks Consensus Estimate of $4,173 million. The bottom line jumped 92% from the year-ago profit of $3.29 per share. This outperformance can be attributed to higher-than-anticipated revenues across North American Towable and Motorized RVs segments. Thorposted third-quarter fiscal 2022 adjusted earnings of $6.32 per share, which beat the Zacks Consensus Estimate of $4.97. Will the recent positive trend continue leading up to its next earnings release, or is Thor Industries due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Shares have added about 7.5% in that time frame, outperforming the S&P 500. It has been about a month since the last earnings report for Thor Industries (THO).
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