The low valuation multiples for value stocks provide a margin of safety that growth stocks rarely offer.
However, the challenge lies in determining whether these cheap assets are genuinely undervalued or simply on sale due to their potentially deteriorating business models.
THOR Industries has gotten torched over the last six months - since September 2024, its stock price has dropped 30.9% to a new 52-week low of $75.94 per share. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
As the regular session of the US market on Monday comes to an end, let's delve into the after-hours session and discover the top gainers and losers shaping the post-market sentiment.
RV manufacturer Thor Industries (NYSE:THO) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 8.6% year on year to $2.02 billion. Its GAAP loss of $0.01 per share was significantly below analysts’ consensus estimates.
Thor Industries reported sales of $2.143B, down 14.3% Y/Y, also missed analyst consensus of $2.241B. Despite challenges, CEO remains optimistic about future growth.
