Thor Industries Stock Sinks as Demand for RVs Hits the Skids [MarketWatch]
Thor Industries, Inc. (THO)
Last thor industries, inc. earnings: 3/9 06:30 am
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Source: MarketWatch
Want to see it on more articles? Give your feedback below or email product@barrons.com thumb-stroke-medium thumb-stroke-medium Thor's earnings and revenue fell short of expectations. Courtesy of THOR Industries Thor Industries stock took a hit Wednesday after the maker of recreational vehicles lowered its financial forecasts for 2024, citing continuing economic challenges. Thor said it now expects fiscal 2024 earnings to be between $5 and $5.50 a share, which is down from a prior call for $6.25 to $7.25 a share. The consensus call among analysts tracked by FactSet is for 2024 earnings of $6.70 a share. Management now expect revenue of between $10 billion and $10.5 billion, compared with a previous estimate of $10.5 billion to $11 billion. Wall Street had expected $10.6 billion. The 2024 fiscal year ends July 31. Advertisement “The combination of the delay in interest rate relief and softer return of the retail market as the macroeconomic challenges persist has dela
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THO
News
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THO
Earnings
- 3/6/24 - Miss
THO
Sec Filings
- 4/9/24 - Form SC
- 3/26/24 - Form 4
- 3/26/24 - Form 8-K
- THO's page on the SEC website