
Thor Industries (THO) Stock Forecast & Price Target
Thor Industries (THO) Analyst Ratings
Bulls say
Thor Industries has demonstrated a robust financial performance, evident in a significant segment backlog increase of 29.3% year-over-year, reaching $1.005 billion, which indicates strong future demand. The fifth wheel segment reported an 11.5% revenue increase to $387.8 million, supported by a 4.8% rise in unit sales and a 6.4% increase in average selling prices (ASPs). Additionally, Class B and Class C revenues showed substantial growth of 16% and 20.7% year-over-year respectively, with Class C benefiting from an impressive 28% increase in unit sales, highlighting the overall strength in their product segments.
Bears say
Thor Industries has experienced a notable decline in its European segment gross profit, which decreased by 130 basis points year-over-year to 16.2%, primarily due to increased sales discounting. Additionally, revenue from campervans fell by 20.1% year-over-year to $246.4 million, alongside a significant decrease in unit sales by 26.9%, despite a rise in average selling prices. The overall performance in the caravan sector was similarly disappointing, with revenues down 22.2% year-over-year to $43.4 million and a corresponding decline in unit sales by 25.3%, while the segment's earnings before taxes (EBT) margin also contracted by 310 basis points to 5.2%.
This aggregate rating is based on analysts' research of Thor Industries and is not a guaranteed prediction by Public.com or investment advice.
Thor Industries (THO) Analyst Forecast & Price Prediction
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