WGO - 3 Key Takeaways from Thor Industries' Bullish Q4 Results
Bringing the thunder to its top- and bottom-line results again, recreational vehicle (RV) manufacturer Thor Industries (NYSE: THO) saw a nearly 8% same-day rise in its share price after reporting its fiscal fourth quarter (Q4) and full-year 2021 results on Sept. 28.
Its results were popular enough with investors to pull fellow RV maker Winnebago Industries (NYSE: WGO) 6.4% upward along with it despite an overall market slump. Wall Street's optimism about Thor is likely justified, with at least three factors showing it may be undervalued and can look forward to a continued bull run for some time to come.
Thor Industries set new records with its fiscal 2021 performance, along with making a splash with its Q4 results. As its number of units sold for the year surpassed 300,000, Q4 revenue surged 54.7% year over year to $3.59 billion, while fiscal year 2021 revenue (for the 12 months ending July 31). At the bottom line, earnings per share (EPS) rose 91.5% to $4.12 in Q4, while for the whole year, Thor's adjusted $11.85 EPS skyrocketed 194.8% above fiscal 2020's figure.
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3 Key Takeaways from Thor Industries' Bullish Q4 Results