Thor Industries Inc. (NYSE: THO) has reported earnings for its first fiscal quarter (ending October 31) of $1.01 versus $2.54 for the same period a year ago — a decline of -60%. This result fell short of the consensus estimate of $1.11 by $-0.10. For the latest four quarters through October 31, E.P.S. were $5.47 versus $18.85 for the same period a year ago — a decline of -71%.
Recent Price Action
Thor Industries Inc. (NYSE: THO) stock increased 1.4% on 12/6/23. The shares closed at $104.49. Moreover, trading volume in this advance was exceptionally high at 292% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, THO is expected to continue to be a Value Builder.
Thor Industries has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Thor Industries has a slightly positive Appreciation Score of 66 and a very high Power Rating of 89, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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