Thor (THO) To Report Q2 Earnings: What's In The Offing?
Zacks Investment Research | Mar 04, 2019 11:44PM ET
Thor Industries, Inc. (NYSE:THO) is scheduled to report fiscal second-quarter 2019 results on Mar 6, 2019. In the last reported quarter, the company’s earnings came in at $1.28 per share, missing the Zacks Consensus Estimate of $1.52 by 15.8%.
Total revenues of $1,756 million also missed the consensus estimate by 6.1%. Additionally, the stock lagged the Zacks Consensus Estimate on earnings in three of the trailing four quarters, resulting in average negative surprise of 7.1%.
The company’s fiscal first-quarter adjusted earnings decreased from $2.43 per share recorded a year ago. The top line also slumped 21.3% year over year, mainly due to lower revenues across its segments, given softness in demand.
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 quarter to be reported has declined 4.3% over the past 30 days to 88 cents per share. Also, this reflects a decrease of 54.2% from the year-ago earnings of $1.92 per share. Revenues are expected to be $1.48 billion, down 24.9% year over year.
Thor Industries, Inc. Price and EPS Surprise
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