Low Demand & High Expenses To Hurt Thor's (THO) Q4 Earnings
Zacks Investment Research | Sep 24, 2019 11:15PM ET
Thor Industries, Inc. (NYSE:THO) is slated to report fiscal fourth-quarter 2019 results on Sep 30, before the opening bell.
In the fiscal third quarter, the company’s earnings and revenues missed the Zacks Consensus Estimate by 5.2% and 6.2%, respectively. Moreover, its bottom line declined almost 35% year over year due to soft sales, and ramped up promotions and discounts compared with the prior-year level. In fact, earnings lagged analysts’ expectations in each of the trailing five quarters. The trend is also likely to continue in the quarter to be reported.
How are Estimates Faring?
Let’s take a look at the estimate revision trend in order to get a clear picture of what analysts are thinking about the company prior to the earnings release.
The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share has moved 2.6% south over the past seven days to $1.48. This indicates a decrease of 11.4% from the year-ago earnings of $1.67 per share. Revenues are expected to be $2.34 billion, suggesting a 24.9% year-over-year improvement.
Thor Industries, Inc. Price and EPS Surprise
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