<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/09/20250924_2326_Rising-RV-Investments_simple_compose_01k5ydv9axf28v15www7hcpn1f.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/09/20250924_2326_Rising-RV-Investments_simple_compose_01k5ydv9axf28v15www7hcpn1f.png"/></p>
<p>周三，霍尔工业的股票上涨，此前这家休闲车（RV）制造商公布了强于预期的第四季度业绩，尽管公司对未来一年的前景持谨慎态度。</p>
<p>该股上涨 5.8%，至 108.18 美元，预计将创下一个月以来最大单日百分比涨幅。</p>
<p>包括此次交易，霍尔工业的股票在 2025 年迄今已上涨 14%。</p>
<h2>盈利超出预期</h2>
<p>截至 7 月 31 日的财政第四季度，霍尔工业报告调整后每股收益为 2.36 美元，远超 FactSet 调查的分析师预期的 1.28 美元。</p>
<p>这一结果也标志着同比增长 40.5%。</p>
<p>净销售额为 25.2 亿美元，与去年同期的 25.3 亿美元基本持平，但远高于华尔街预估的 23.2 亿美元。</p>
<p>LSEG 编制的数据表明，17 家券商中有 4 家目前对霍尔工业的股票评级为 “买入” 或更高，11 家给予 “持有” 评级，2 家给予 “卖出” 评级，目标价中位数为 93 美元。</p>
<p>各业务部门的表现参差不齐。</p>
<p>北美拖挂式 RV 销售下降 4.6%，而机动 RV 销售增长 7.8%。</p>
<p>霍尔工业拥有知名品牌，如 Airstream 和 Heartland RV。</p>
<h2>在市场压力下的谨慎指引</h2>
<p>尽管盈利超出预期，霍尔工业对 2026 财政年度保持谨慎的展望，指出整体经济的不确定性。</p>
<p>“多个数据点表明就业市场出现疲软，我们认为计划迎接另一个充满挑战的年份是明智的，” 霍尔工业企业发展和投资者关系负责人 Seth Woolf 表示。</p>
<p>公司预计全年每股收益在 3.75 美元至 4.25 美元之间，区间的上限与分析师的共识 4.25 美元一致。</p>
<p>预计收入在 90 亿至 95 亿美元之间，低于 FactSet 预估的 96.3 亿美元。</p>
<p>霍尔工业指出，负担能力是市场上最大的挑战之一，特别是考虑到 RV 是大型可自由支配的购买，通常需要融资。</p>
<p>“我们对宏观经济前景及其对消费者需求的影响，尤其是对大型可自由支配购买（如 RV）的需求持谨慎态度，” 公司表示。</p>
<p>霍尔工业补充说，2026 财政年度的任何上行空间更可能来自公司特定的举措，而不是支持性的零售环境。</p>
<h2>更广泛的市场和行业反应</h2>
<p>乐观的盈利报告为休闲产品行业的同行提供了提振。</p>
<p>Winnebago 的股票上涨 2.9%，而船只制造商 Malibu Boats 和 Brunswick 的股票也上涨。</p>
<p>标准普尔 500 指数周三交易时处于下跌状态。</p>
<p>花旗研究分析师 James Hardiman 最近强调，负担能力是影响动力运动和休闲车辆需求趋势的关键因素。</p>
<p>由于大多数买家为此类购买贷款，近年来产品价格通胀与融资成本的上升相互叠加。</p>
<p>对于霍尔工业来说，强劲的季度业绩帮助抵消了投资者对较弱前景指引的担忧。</p>
<p>该公司的股票仍高于分析师的中位目标价，继续反映出在艰难的消费者环境中表现出韧性与对未来一年的谨慎预期之间的平衡。</p>
<p>霍尔工业股票在盈利超预期但前景疲软的情况下上涨 5% 的文章最初出现在 Invezz 上。</p>

霍尔工业

<p>霍尔工业的股票上涨了 5.8%，达到 108.18 美元，此前该公司报告了强于预期的第四季度每股收益为 2.36 美元，超出了分析师预期的 1.28 美元。尽管对 2026 财年的前景持谨慎态度，预计每股收益在 3.75 美元至 4.25 美元之间，但公司对特定举措仍持乐观态度。收入指引设定在 90 亿至 95 亿美元之间，低于预期。积极的财报也推动了休闲产品行业同行的股票上涨，尽管整体市场环境依然严峻</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/09/20250924_2326_Rising-RV-Investments_simple_compose_01k5ydv9axf28v15www7hcpn1f.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/09/20250924_2326_Rising-RV-Investments_simple_compose_01k5ydv9axf28v15www7hcpn1f.png"/></p>
<p>Shares of Thor Industries gained Wednesday after the recreational-vehicle (RV) maker reported stronger-than-expected fourth-quarter results, even as the company issued a cautious outlook for the year ahead.</p>
<div class="lb-trans"><p>周三，霍尔工业的股票上涨，此前这家休闲车（RV）制造商公布了强于预期的第四季度业绩，尽管公司对未来一年的前景持谨慎态度。</p>
</div><p>The stock rose 5.8% to $108.18, putting it on pace for its biggest one-day percentage gain in a month.</p>
<div class="lb-trans"><p>该股上涨 5.8%，至 108.18 美元，预计将创下一个月以来最大单日百分比涨幅。</p>
</div><p>Including the session’s move, Thor shares are up 14% so far in 2025.</p>
<div class="lb-trans"><p>包括此次交易，霍尔工业的股票在 2025 年迄今已上涨 14%。</p>
</div><h2>Earnings beat expectations</h2>
<div class="lb-trans"><h2>盈利超出预期</h2>
</div><p>For the fiscal fourth quarter ended July 31, Thor reported adjusted earnings of $2.36 a share, far ahead of the $1.28 analysts surveyed by FactSet had expected.</p>
<div class="lb-trans"><p>截至 7 月 31 日的财政第四季度，霍尔工业报告调整后每股收益为 2.36 美元，远超 FactSet 调查的分析师预期的 1.28 美元。</p>
</div><p>The result also marked a 40.5% year-over-year increase.</p>
<div class="lb-trans"><p>这一结果也标志着同比增长 40.5%。</p>
</div><p>Net sales were $2.52 billion, essentially flat compared with $2.53 billion a year earlier, but well above Wall Street’s estimate of $2.32 billion.</p>
<div class="lb-trans"><p>净销售额为 25.2 亿美元，与去年同期的 25.3 亿美元基本持平，但远高于华尔街预估的 23.2 亿美元。</p>
</div><p>Data compiled by LSEG showed that four of 17 brokerages currently rate Thor stock a “buy” or higher, while 11 assign a “hold” rating and two a “sell,” with a median price target of $93.</p>
<div class="lb-trans"><p>LSEG 编制的数据表明，17 家券商中有 4 家目前对霍尔工业的股票评级为 “买入” 或更高，11 家给予 “持有” 评级，2 家给予 “卖出” 评级，目标价中位数为 93 美元。</p>
</div><p>Performance across business segments was mixed.</p>
<div class="lb-trans"><p>各业务部门的表现参差不齐。</p>
</div><p>North American towable RV sales fell 4.6%, while sales of motorized RVs climbed 7.8%.</p>
<div class="lb-trans"><p>北美拖挂式 RV 销售下降 4.6%，而机动 RV 销售增长 7.8%。</p>
</div><p>Thor owns well-known brands such as Airstream and Heartland RV.</p>
<div class="lb-trans"><p>霍尔工业拥有知名品牌，如 Airstream 和 Heartland RV。</p>
</div><h2>Cautious guidance amid market pressures</h2>
<div class="lb-trans"><h2>在市场压力下的谨慎指引</h2>
</div><p>Despite the earnings beat, Thor maintained a guarded outlook for fiscal 2026, citing uncertainty in the broader economy.</p>
<div class="lb-trans"><p>尽管盈利超出预期，霍尔工业对 2026 财政年度保持谨慎的展望，指出整体经济的不确定性。</p>
</div><p>“With multiple data points suggesting weakness emerging in the job market, we think it is prudent to plan for another challenging year,” said Seth Woolf, Thor’s head of corporate development and investor relations.</p>
<div class="lb-trans"><p>“多个数据点表明就业市场出现疲软，我们认为计划迎接另一个充满挑战的年份是明智的，” 霍尔工业企业发展和投资者关系负责人 Seth Woolf 表示。</p>
</div><p>The company guided for full-year earnings in the range of $3.75 to $4.25 per share, with the top end of the range in line with analysts’ consensus of $4.25.</p>
<div class="lb-trans"><p>公司预计全年每股收益在 3.75 美元至 4.25 美元之间，区间的上限与分析师的共识 4.25 美元一致。</p>
</div><p>Revenue is projected between $9 billion and $9.5 billion, below the FactSet estimate of $9.63 billion.</p>
<div class="lb-trans"><p>预计收入在 90 亿至 95 亿美元之间，低于 FactSet 预估的 96.3 亿美元。</p>
</div><p>Thor pointed to affordability as one of the biggest challenges in the marketplace, particularly given that RVs are large discretionary purchases that typically require financing.</p>
<div class="lb-trans"><p>霍尔工业指出，负担能力是市场上最大的挑战之一，特别是考虑到 RV 是大型可自由支配的购买，通常需要融资。</p>
</div><p>“We continue to be cautious regarding the macroeconomic outlook and its associated impacts on consumer demand and in particular on the appetite for big-ticket discretionary purchases like RVs,” the company said.</p>
<div class="lb-trans"><p>“我们对宏观经济前景及其对消费者需求的影响，尤其是对大型可自由支配购买（如 RV）的需求持谨慎态度，” 公司表示。</p>
</div><p>Any upside in fiscal 2026, Thor added, is more likely to come from company-specific initiatives rather than a supportive retail environment.</p>
<div class="lb-trans"><p>霍尔工业补充说，2026 财政年度的任何上行空间更可能来自公司特定的举措，而不是支持性的零售环境。</p>
</div><h2>Broader market and industry reaction</h2>
<div class="lb-trans"><h2>更广泛的市场和行业反应</h2>
</div><p>The upbeat earnings report provided a lift to peers in the recreational products sector.</p>
<div class="lb-trans"><p>乐观的盈利报告为休闲产品行业的同行提供了提振。</p>
</div><p>Winnebago shares gained 2.9%, while boat makers Malibu Boats and Brunswick also traded higher.</p>
<div class="lb-trans"><p>Winnebago 的股票上涨 2.9%，而船只制造商 Malibu Boats 和 Brunswick 的股票也上涨。</p>
</div><p>The S&amp;P 500 index was trading in the red on Wednesday.</p>
<div class="lb-trans"><p>标准普尔 500 指数周三交易时处于下跌状态。</p>
</div><p>Citi Research analyst James Hardiman recently highlighted affordability as a critical factor influencing demand trends in powersports and recreational vehicles.</p>
<div class="lb-trans"><p>花旗研究分析师 James Hardiman 最近强调，负担能力是影响动力运动和休闲车辆需求趋势的关键因素。</p>
</div><p>As most buyers take out loans for such purchases, product price inflation has been compounded by higher financing costs in recent years.</p>
<div class="lb-trans"><p>由于大多数买家为此类购买贷款，近年来产品价格通胀与融资成本的上升相互叠加。</p>
</div><p>For Thor, the strong quarterly earnings helped offset investor concerns about the weaker forward guidance.</p>
<div class="lb-trans"><p>对于霍尔工业来说，强劲的季度业绩帮助抵消了投资者对较弱前景指引的担忧。</p>
</div><p>The company’s stock, which remains above analysts’ median price target, continues to reflect a balance of resilient performance in the face of challenging consumer conditions and cautious expectations for the year ahead.</p>
<div class="lb-trans"><p>该公司的股票仍高于分析师的中位目标价，继续反映出在艰难的消费者环境中表现出韧性与对未来一年的谨慎预期之间的平衡。</p>
</div><p>The post Thor Industries shares surge 5% on earnings beat despite soft outlook appeared first on Invezz</p>
<div class="lb-trans"><p>霍尔工业股票在盈利超预期但前景疲软的情况下上涨 5% 的文章最初出现在 Invezz 上。</p>
</div>

尽管前景不佳，霍尔工业的股价因盈利超出预期而上涨了 5%