Thor Industries Faces Bumpy Road Ahead: Q4 Earnings Beat, But FY25 Forecast Falls Short
Portfolio Pulse from Nabaparna Bhattacharya
Thor Industries reported a Q4 earnings beat with EPS of $1.68 and sales of $2.534 billion, surpassing expectations. However, the FY25 forecast fell short, with anticipated sales between $9.0 billion and $9.8 billion, below the $10.49 billion estimate. THO shares are trading lower by 2.97% premarket.
September 24, 2024 | 12:19 pm
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Thor Industries reported better-than-expected Q4 earnings but provided a disappointing FY25 forecast. The company anticipates sales between $9.0 billion and $9.8 billion, below the $10.49 billion estimate, leading to a premarket share decline of 2.97%.
Despite beating Q4 earnings expectations, Thor Industries' FY25 forecast was below analyst estimates, leading to a negative market reaction. The company's outlook suggests ongoing macroeconomic challenges and elevated discounting in the Motorized segment, contributing to the share price decline.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100