What Analyst Projections for Key Metrics Reveal About Thor Industries (THO) Q4 Earnings

Thor Industries faces a sharp earnings contraction when it reports fourth-quarter results, with analysts projecting earnings of $0.95 per share, down 58.9% year-over-year. Revenue is expected to fall 14.7% to $2.15 billion as the RV maker confronts a steep industry downturn.

The weakness cuts across THO's core business. Analysts forecast North American towable RV sales to drop 31%, while total unit shipments are expected to decline 29.4%. The sharp volume declines signal continued softness in recreational vehicle demand following the pandemic-era boom.

Despite the challenging quarter ahead, THO carries a Zacks Rank #2 (Buy) rating, suggesting analysts see the selloff as creating opportunity beyond near-term headwinds. The rating implies the stock may be priced for worse than the expected results.

The year-over-year comparisons reflect normalization from elevated 2022 demand, but the magnitude of the declines—particularly the 31% towable drop—underscores how quickly the sector has cooled.