Thor Industries Beats on Both Top and Bottom Lines
Thor Industries (NYS: THO) reported earnings on March 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 31 (Q2), Thor Industries beat expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share grew significantly.
Margins expanded across the board.
Thor Industries chalked up revenue of $597.0 million. The two analysts polled by S&P Capital IQ anticipated a top line of $566.4 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $526.2 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 $0.25. The six earnings estimates compiled by S&P Capital IQ forecast $0.24 per share. GAAP EPS of $0.25 for Q2 were 150% higher than the prior-year quarter's $0.10 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 9.9%, 80 basis points better than the prior-year quarter. Operating margin was 3.4%, 260 basis points better than the prior-year quarter. Net margin was 2.3%, 120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $891.1 million. On the bottom line, the average EPS estimate is $0.79.
Next year's average estimate for revenue is $2.96 billion. The average EPS estimate is $2.23.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 200 members out of 234 rating the stock outperform, and 34 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 61 give Thor Industries a green thumbs-up, and six 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 $32.50.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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