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Thor Industries (THO) Is A Great Growth Stock

Today, seemingly more than ever, growth-based investing has become extremely prominent as investors look to find the next Amazon AMZN or Netflix NFLX. But while tech stocks like these grab a ton of attention and headlines, growth investing can come from almost any industry, including ones that rarely come to mind.

With that said, one stock that currently presents investors with the opportunity for major growth, accompanied by solid fundamentals, is Thor Industries THO.

The company is one of the largest manufacturers of recreational vehicles in the U.S., and based on our current consensus estimates, the company is set to expand.

The company is also currently a Zacks Rank #1 (Strong Buy) and sports an “A” grade for Growth in our Style Scores system.

Based on our current consensus estimates, Thor’s revenues are projected to jump 14% year-over-year to hit $1.95 billion. What’s more, the company’s earnings are expected to pop almost 21%.

Investors should also be happy to know that the company has topped earnings estimates in seven of the last eight quarters. Over the last two quarters, Thor posted earnings beats of 15.90% and 12.83%, respectively.

Thor Industries, Inc. Price, Consensus and EPS Surprise

Thor Industries, Inc. Price, Consensus and EPS Surprise | Thor Industries, Inc. Quote

The company is also an interesting momentum play. Shares of Thor have soared over 30% since the start of the year, which crushes the S&P 500’s 12.67% average. What’s more, the company’s stock price surged over 23% in the last 12 weeks alone. Yet investors will be happy to know that Thor currently sits almost 6% below its 52-week high, which means it has room to grow without the burden of breaking into a new threshold.

Furthermore, Thor rocks a “B” grade for Value in our Style Scores system. For a basic representation of this value, Thor is currently trading at 15.99x earnings, which marks a discount compared to its industry’s average—coming in below rivals like Winnebago (WGO) as well.

When investors combine Thor’s current Zacks Rank, “A” VGM score, as well as its earnings and revenue projections, it seems that growth-minded investors might look no further than this RV stock that is poised for growth, both now and down the road.

Thor is set to report its first-quarter fiscal 2018 earnings on Nov. 27.

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