Thor Industries Lowers FFY24 EPS Outlook From $6.25 - $7.25 To $5.00 - $5.50 Vs. $6.69 Est.
Portfolio Pulse from Benzinga Newsdesk
Thor Industries has revised its full fiscal year 2024 earnings per share (EPS) forecast downwards from the previously projected range of $6.25 - $7.25 to a new range of $5.00 - $5.50, compared to the market estimate of $6.69.
March 06, 2024 | 11:37 am
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Thor Industries has lowered its FFY24 EPS outlook significantly below market expectations.
The downward revision of the EPS forecast by Thor Industries is a significant negative signal to investors, indicating potential challenges or lower-than-expected performance for the company in the full fiscal year 2024. This adjustment is likely to lead to negative investor sentiment and could result in a decrease in the stock price in the short term, especially since the new forecast is substantially below the market estimate.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100