THOR Industries Gears Up For Q1 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
THOR Industries, Inc. (NYSE:THO) is expected to report Q1 fiscal 2024 earnings of $1.05 per share, down from $2.53 per share a year ago, with revenue estimated at $2.53 billion. The stock closed down 2.5% at $103.00. Analysts have recently updated their price targets: Citigroup raised it from $94 to $108, Truist Securities from $84 to $86, BMO Capital reiterated at $115, Roth MKM at $72, and Baird from $95 to $110.
December 06, 2023 | 6:13 am
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NEGATIVE IMPACT
THOR Industries is anticipated to report lower earnings per share in Q1 fiscal 2024 compared to last year, with several analysts adjusting their price targets recently. The stock has experienced a recent decline.
The expected decrease in earnings per share compared to the previous year suggests potential concerns about the company's profitability, which could negatively impact the stock price in the short term. The recent decline in stock price following the analyst price target changes also indicates a bearish sentiment among investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100