Compared to Estimates, Thor Industries (THO) Q1 Earnings: A Look at Key Metrics

Zacks
04 Dec 2024

Thor Industries (THO) reported $2.14 billion in revenue for the quarter ended October 2024, representing a year-over-year decline of 14.3%. EPS of $0.26 for the same period compares to $0.99 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $2.25 billion, representing a surprise of -4.64%. The company delivered an EPS surprise of -61.19%, with the consensus EPS estimate being $0.67.

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 sales - Recreation Vehicles - European: 8,635 versus the three-analyst average estimate of 10,768.
  • Units sales - Recreational Vehicles - North American Towable: 30,018 versus the three-analyst average estimate of 26,709.
  • Units sales - Total: 42,394 compared to the 43,437 average estimate based on three analysts.
  • Units sales - Total recreation Vehicles (Total North America): 33,759 versus the three-analyst average estimate of 32,669.
  • Units sales - Recreational Vehicles - North American Motorized: 3,741 versus the three-analyst average estimate of 4,579.
  • Net Sales- Recreational Vehicles- European: $604.90 million versus the four-analyst average estimate of $679.50 million. The reported number represents a year-over-year change of -14.6%.
  • Net Sales- Recreational Vehicles- Total North America: $1.40 billion compared to the $1.43 billion average estimate based on four analysts. The reported number represents a change of -15.3% year over year.
  • Net Sales- Recreational Vehicles- North American Towable: $898.78 million versus $845.36 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4.9% change.
  • Net Sales- Total Recreational Vehicles: $2.01 billion versus the four-analyst average estimate of $2.10 billion. The reported number represents a year-over-year change of -15.1%.
  • Net Sales- Recreational Vehicles- North American Motorized: $505.21 million versus the four-analyst average estimate of $580.04 million. The reported number represents a year-over-year change of -29%.
  • Net Sales- Intercompany eliminations: -$59.62 million compared to the -$64.54 million average estimate based on two analysts. The reported number represents a change of -5.3% year over year.
  • Net Sales- Other: $193.51 million versus the two-analyst average estimate of $205.43 million. The reported number represents a year-over-year change of -2.7%.
View all Key Company Metrics for Thor Industries here>>>

Shares of Thor Industries have returned +0.1% over the past month versus the Zacks S&P 500 composite's +5.8% 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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Thor Industries, Inc. (THO) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10