Recreational Vehicles Maker Thor Industries' Q4 Earnings Top Estimates; Sales Decline As Demand Cools Down
Portfolio Pulse from Shivani Kumaresan
Thor Industries Inc (NYSE:THO) reported a Q4 FY23 sales decline of 28.4% YoY to $2.74 billion, beating the analyst consensus of $2.42 billion. The decrease in sales is due to lower dealer and consumer demand. EPS of $1.68 beat the analyst consensus of $0.96. The company sees FY24 sales of $10.5 billion - $11 billion and EPS of $6.25 - $7.25. THO shares closed higher by 2.03% at $94.82 on Monday.
September 26, 2023 | 10:27 am
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Thor Industries reported a decline in Q4 FY23 sales but beat analyst consensus. The company also provided an outlook for FY24 sales and EPS.
Despite the decline in sales, Thor Industries managed to beat analyst consensus, which could be seen as a positive sign by investors. However, the company's outlook for FY24 indicates that it expects challenges to continue, which could limit any potential upside. The stock's price movement following the earnings release suggests that the market has a neutral view on the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100