Thor Industries Reports Q3 Earnings: What Key Metrics Have to Say

For the quarter ended April 2024, Thor Industries THO reported revenue of $2.8 billion, down 4.4% over the same period last year. EPS came in at $2.13, compared to $2.24 in the year-ago quarter.

The reported revenue represents a surprise of +3.02% over the Zacks Consensus Estimate of $2.72 billion. With the consensus EPS estimate being $1.89, the EPS surprise was +12.70%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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: 15,363 versus 14,910 estimated by three analysts on average.
  • Units - Recreational vehicles - North American Towable: 34,193 compared to the 31,760 average estimate based on three analysts.
  • Unit sales - Total: 54,520 versus 51,791 estimated by three analysts on average.
  • Unit sales - Total recreation vehicles(Total North America): 39,157 versus 36,881 estimated by three analysts on average.
  • Units - Recreational vehicles - North American Motorized: 4,964 versus the three-analyst average estimate of 5,121.
  • Net Sales- Recreational vehicles- European: $931.06 million versus the three-analyst average estimate of $832.54 million. The reported number represents a year-over-year change of +7.4%.
  • Net Sales- Recreational vehicles- Total North America: $1.72 billion versus $1.77 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.5% change.
  • Net Sales- Recreational vehicles- North American Towable: $1.07 billion compared to the $1.05 billion average estimate based on three analysts. The reported number represents a change of -4.7% year over year.
  • Net Sales- Total Recreational vehicles: $2.65 billion versus $2.57 billion estimated by three analysts on average.
  • Net Sales- Recreational vehicles- North American Motorized: $646.95 million versus $690.56 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -18.7% change.
  • Net Sales- Intercompany eliminations: -$64.52 million versus -$51.38 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change.
  • Net Sales- Other: $216.23 million compared to the $178.09 million average estimate based on two analysts. The reported number represents a change of +7.5% year over year.

Shares of Thor Industries have returned -5.3% over the past month versus the Zacks S&P 500 composite's +3.4% 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.

To read this article on Zacks.com click here.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsMarketsAnalyst RatingsTrading Ideascontributors
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...