Thor Industries Up 14.69% To $90.84 After Earnings Beat

Thor Industries (THO) said before open Tuesday that it earned $2.24 per share in quarter three 2023.

On the revenue line, the company reported $2.9 billion, beating estimates by $99 million.

In the same quarter a year ago, the company earned $6.32 per share on revenue of $4.7 billion.

The stock is up 14.69% to $90.84 after the report.

Thor Industries's profit margins took a hit as earnings fell at a faster pace than revenues.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

Trading in the five days leading up to the report earned Thor Industries a Bearish Sentiment Rank from InvestorsObserver.

Thor Industries has performed a little above average during the past few months. Before the report, Thor Industries received a Long-Term Technical Rank by InvestorsObserver of 52, putting it in the top half of stocks. The firm set a 52-week high on February 2, 2023 at $105.36 and set a 52-week low on September 29, 2022 at $67.09.

Thor Industries Inc is an American manufacturer of recreational vehicles through its subsidiaries. The company reports through three segments: North American towable recreational vehicles, North American motorized recreational vehicles, and European recreational vehicles. The North American towable RV business segments operations by brand: Airstream, Heartland, Jayco, Keystone, and KZ. North American motorized RV does the same through the Airstream, Jayco, and Thor Motor Coach brands. Thor's European RV business consists solely of the Erwin Hymer Group, which manufactures both towable and recreational vehicles in Europe. EHG's operations include miscellaneous RV-related products and services. Across all segments, the firm distributes its RVs to independent dealers.