The 10-second takeaway
For the quarter ended Oct. 31 (Q1), Thor Industries met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew significantly.
Margins grew across the board.
Thor Industries chalked up revenue of $875.6 million. The one analyst polled by S&P Capital IQ foresaw a top line of $876.8 million on the same basis. GAAP reported sales were 30% higher than the prior-year quarter's $673.0 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 $0.60. The four earnings estimates compiled by S&P Capital IQ predicted $0.63 per share. GAAP EPS of $0.58 for Q1 were 41% higher than the prior-year quarter's $0.41 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 11.5%, 40 basis points better than the prior-year quarter. Operating margin was 5.3%, 30 basis points better than the prior-year quarter. Net margin was 3.5%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $709.2 million. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $3.64 billion. The average EPS estimate is $2.91.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 205 members out of 238 rating the stock outperform, and 33 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Thor Industries a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Thor Industries is buy, with an average price target of $44.00.
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