RV manufacturer Thor Industries (NYSE: THO) will be reporting results this Wednesday before market hours. Here’s what to expect.
THOR Industries beat analysts’ revenue expectations last quarter, reporting revenues of $2.13 billion, up 5.3% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is THOR Industries a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting THOR Industries’s revenue to decline 8.3% year on year, a reversal from the 3.3% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. THOR Industries rarely misses Wall Street’s revenue estimates.
Looking at THOR Industries’s peers in the automobile manufacturing segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Ford delivered year-on-year revenue growth of 6.4%, beating analysts’ expectations by 3.7%, and Mobileye reported revenues up 27.4%, topping estimates by 7.8%. Ford traded down 1.3% following the results while Mobileye was up 16.8%.
Read our full analysis of Ford’s results here and Mobileye’s results here.
There has been positive sentiment among investors in the automobile manufacturing segment, with share prices up 4.7% on average over the last month. THOR Industries is up 5.5% during the same time and is heading into earnings with an average analyst price target of $102.08 (compared to the current share price of $77.78).
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