<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>週三，霍爾工業的股票上漲，此前這家休閒車（RV）製造商公佈了強於預期的第四季度業績，儘管公司對未來一年的前景持謹慎態度。</p>
<p>該股上漲 5.8%，至 108.18 美元，預計將創下一個月以來最大單日百分比漲幅。</p>
<p>包括此次交易，霍爾工業的股票在 2025 年迄今已上漲 14%。</p>
<h2>盈利超出預期</h2>
<p>截至 7 月 31 日的財政第四季度，霍爾工業報告調整後每股收益為 2.36 美元，遠超 FactSet 調查的分析師預期的 1.28 美元。</p>
<p>這一結果也標誌着同比增長 40.5%。</p>
<p>淨銷售額為 25.2 億美元，與去年同期的 25.3 億美元基本持平，但遠高於華爾街預估的 23.2 億美元。</p>
<p>LSEG 編制的數據表明，17 家券商中有 4 家目前對霍爾工業的股票評級為 “買入” 或更高，11 家給予 “持有” 評級，2 家給予 “賣出” 評級，目標價中位數為 93 美元。</p>
<p>各業務部門的表現參差不齊。</p>
<p>北美拖掛式 RV 銷售下降 4.6%，而機動 RV 銷售增長 7.8%。</p>
<p>霍爾工業擁有知名品牌，如 Airstream 和 Heartland RV。</p>
<h2>在市場壓力下的謹慎指引</h2>
<p>儘管盈利超出預期，霍爾工業對 2026 財政年度保持謹慎的展望，指出整體經濟的不確定性。</p>
<p>“多個數據點表明就業市場出現疲軟，我們認為計劃迎接另一個充滿挑戰的年份是明智的，” 霍爾工業企業發展和投資者關係負責人 Seth Woolf 表示。</p>
<p>公司預計全年每股收益在 3.75 美元至 4.25 美元之間，區間的上限與分析師的共識 4.25 美元一致。</p>
<p>預計收入在 90 億至 95 億美元之間，低於 FactSet 預估的 96.3 億美元。</p>
<p>霍爾工業指出，負擔能力是市場上最大的挑戰之一，特別是考慮到 RV 是大型可自由支配的購買，通常需要融資。</p>
<p>“我們對宏觀經濟前景及其對消費者需求的影響，尤其是對大型可自由支配購買（如 RV）的需求持謹慎態度，” 公司表示。</p>
<p>霍爾工業補充説，2026 財政年度的任何上行空間更可能來自公司特定的舉措，而不是支持性的零售環境。</p>
<h2>更廣泛的市場和行業反應</h2>
<p>樂觀的盈利報告為休閒產品行業的同行提供了提振。</p>
<p>Winnebago 的股票上漲 2.9%，而船隻製造商 Malibu Boats 和 Brunswick 的股票也上漲。</p>
<p>標準普爾 500 指數週三交易時處於下跌狀態。</p>
<p>花旗研究分析師 James Hardiman 最近強調，負擔能力是影響動力運動和休閒車輛需求趨勢的關鍵因素。</p>
<p>由於大多數買家為此類購買貸款，近年來產品價格通脹與融資成本的上升相互疊加。</p>
<p>對於霍爾工業來説，強勁的季度業績幫助抵消了投資者對較弱前景指引的擔憂。</p>
<p>該公司的股票仍高於分析師的中位目標價，繼續反映出在艱難的消費者環境中表現出韌性與對未來一年的謹慎預期之間的平衡。</p>
<p>霍爾工業股票在盈利超預期但前景疲軟的情況下上漲 5% 的文章最初出現在 Invezz 上。</p>

霍爾工業

<p>霍爾工業的股票上漲了 5.8%，達到 108.18 美元，此前該公司報告了強於預期的第四季度每股收益為 2.36 美元，超出了分析師預期的 1.28 美元。儘管對 2026 財年的前景持謹慎態度，預計每股收益在 3.75 美元至 4.25 美元之間，但公司對特定舉措仍持樂觀態度。收入指引設定在 90 億至 95 億美元之間，低於預期。積極的財報也推動了休閒產品行業同行的股票上漲，儘管整體市場環境依然嚴峻</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>週三，霍爾工業的股票上漲，此前這家休閒車（RV）製造商公佈了強於預期的第四季度業績，儘管公司對未來一年的前景持謹慎態度。</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>該股上漲 5.8%，至 108.18 美元，預計將創下一個月以來最大單日百分比漲幅。</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，霍爾工業的股票在 2025 年迄今已上漲 14%。</p>
</div><h2>Earnings beat expectations</h2>
<div class="lb-trans"><h2>盈利超出預期</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 日的財政第四季度，霍爾工業報告調整後每股收益為 2.36 美元，遠超 FactSet 調查的分析師預期的 1.28 美元。</p>
</div><p>The result also marked a 40.5% year-over-year increase.</p>
<div class="lb-trans"><p>這一結果也標誌着同比增長 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>淨銷售額為 25.2 億美元，與去年同期的 25.3 億美元基本持平，但遠高於華爾街預估的 23.2 億美元。</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 編制的數據表明，17 家券商中有 4 家目前對霍爾工業的股票評級為 “買入” 或更高，11 家給予 “持有” 評級，2 家給予 “賣出” 評級，目標價中位數為 93 美元。</p>
</div><p>Performance across business segments was mixed.</p>
<div class="lb-trans"><p>各業務部門的表現參差不齊。</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>北美拖掛式 RV 銷售下降 4.6%，而機動 RV 銷售增長 7.8%。</p>
</div><p>Thor owns well-known brands such as Airstream and Heartland RV.</p>
<div class="lb-trans"><p>霍爾工業擁有知名品牌，如 Airstream 和 Heartland RV。</p>
</div><h2>Cautious guidance amid market pressures</h2>
<div class="lb-trans"><h2>在市場壓力下的謹慎指引</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>儘管盈利超出預期，霍爾工業對 2026 財政年度保持謹慎的展望，指出整體經濟的不確定性。</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>“多個數據點表明就業市場出現疲軟，我們認為計劃迎接另一個充滿挑戰的年份是明智的，” 霍爾工業企業發展和投資者關係負責人 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>公司預計全年每股收益在 3.75 美元至 4.25 美元之間，區間的上限與分析師的共識 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>預計收入在 90 億至 95 億美元之間，低於 FactSet 預估的 96.3 億美元。</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>霍爾工業指出，負擔能力是市場上最大的挑戰之一，特別是考慮到 RV 是大型可自由支配的購買，通常需要融資。</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>“我們對宏觀經濟前景及其對消費者需求的影響，尤其是對大型可自由支配購買（如 RV）的需求持謹慎態度，” 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>霍爾工業補充説，2026 財政年度的任何上行空間更可能來自公司特定的舉措，而不是支持性的零售環境。</p>
</div><h2>Broader market and industry reaction</h2>
<div class="lb-trans"><h2>更廣泛的市場和行業反應</h2>
</div><p>The upbeat earnings report provided a lift to peers in the recreational products sector.</p>
<div class="lb-trans"><p>樂觀的盈利報告為休閒產品行業的同行提供了提振。</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 的股票上漲 2.9%，而船隻製造商 Malibu Boats 和 Brunswick 的股票也上漲。</p>
</div><p>The S&amp;P 500 index was trading in the red on Wednesday.</p>
<div class="lb-trans"><p>標準普爾 500 指數週三交易時處於下跌狀態。</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>花旗研究分析師 James Hardiman 最近強調，負擔能力是影響動力運動和休閒車輛需求趨勢的關鍵因素。</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>由於大多數買家為此類購買貸款，近年來產品價格通脹與融資成本的上升相互疊加。</p>
</div><p>For Thor, the strong quarterly earnings helped offset investor concerns about the weaker forward guidance.</p>
<div class="lb-trans"><p>對於霍爾工業來説，強勁的季度業績幫助抵消了投資者對較弱前景指引的擔憂。</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>該公司的股票仍高於分析師的中位目標價，繼續反映出在艱難的消費者環境中表現出韌性與對未來一年的謹慎預期之間的平衡。</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>霍爾工業股票在盈利超預期但前景疲軟的情況下上漲 5% 的文章最初出現在 Invezz 上。</p>
</div>

儘管前景不佳，霍爾工業的股價因盈利超出預期而上漲了 5%