Thor Industries Beats Analyst Estimates on EPS

Thor Industries (NYSE: THO  ) reported earnings on June 6. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 30 (Q3), Thor Industries met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew significantly. GAAP earnings per share expanded.

Gross margins grew, operating margins increased, net margins dropped.

Revenue details
Thor Industries booked revenue of $1.05 billion. The five analysts polled by S&P Capital IQ expected revenue of $1.05 billion on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $926.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.97. The six earnings estimates compiled by S&P Capital IQ predicted $0.88 per share. Non-GAAP EPS of $0.97 for Q3 were 24% higher than the prior-year quarter's $0.78 per share. GAAP EPS of $0.82 for Q3 were 5.1% higher than the prior-year quarter's $0.78 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 12.8%, 100 basis points better than the prior-year quarter. Operating margin was 7.0%, 60 basis points better than the prior-year quarter. Net margin was 4.2%, 30 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $1.00 billion. On the bottom line, the average EPS estimate is $0.98.

Next year's average estimate for revenue is $3.67 billion. The average EPS estimate is $2.92.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 208 members out of 242 rating the stock outperform, and 34 members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 76 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 $47.80.

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