FDA Approval Could Send This Stock Soaring

Cambridge firm proves it's possible to "Find & Replace" cancer cells. The Wall Street Journal reports this small biotech is "Transforming Medicine." No wonder Goldman Sachs & Morgan Stanley have been quietly buying shares. Get the name of this little-known stock here....

Thor Industries' Demand Slowdown To Affect Revenue & Margins In FY23, Says Analyst

Shivani Kumaresan
September 29, 2022
  • Raymond James analyst Joseph Altobello reiterated an Underperform rating on the shares of Thor Industries Inc (NYSE:THO).
  • The analyst noted THO's generally healthy Q4 results, as sales were largely as expected, while weakness in towable margins was more than offset by strength in motorized and Europe.
  • RelatedThor Industries Posts Q4 Earnings Above Street View
  • Altobello noted that Thor's quarter-end backlog at $8.8 billion was down 48% Y/Y, and the North America dealer inventory rose 118% Y/Y.
  • He also mentioned the company's concern about heightened near-term macroeconomic/demand uncertainty as well as likely downward margin pressures from reduced volumes, increased promotional activity, and cost inflation.
  • Altobello's rating reflects his view that though industry fundamentals remain healthy and the company's execution has been solid, the rapid recovery in dealer inventories coupled with the ongoing slowdown in demand will ultimately put downward pressure on revenue and margins in FY23.
  • Price Action: THO shares are trading lower by 9.36% at $67.69 on the last check Thursday.

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