The 10-second takeaway
For the quarter ended July 31 (Q4), Thor Industries beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins increased, net margins grew.
Thor Industries recorded revenue of $888.2 million. The four analysts polled by S&P Capital IQ predicted revenue of $818.3 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $770.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.84. The five earnings estimates compiled by S&P Capital IQ anticipated $0.76 per share. GAAP EPS of $0.84 for Q4 were 27% higher than the prior-year quarter's $0.66 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 12.7%, 30 basis points worse than the prior-year quarter. Operating margin was 7.1%, 30 basis points better than the prior-year quarter. Net margin was 5.0%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $734.0 million. On the bottom line, the average EPS estimate is $0.52.
Next year's average estimate for revenue is $3.27 billion. The average EPS estimate is $2.66.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 199 members out of 231 rating the stock outperform, and 32 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Thor Industries a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Thor Industries is outperform, with an average price target of $38.00.
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