Thor Industries, Inc. (NYSE:THO) Option Calls
Provides 205% Profit!
by Ian Harvey
November 29, 2017
Thor Industries, Inc. (NYSE:THO)
Here is an update of Thor Industries, Inc. (NYSE:THO) winning options call trade after reporting earnings. This options trade was recommended, to Armchair & All-Inclusive Trader Members of Stock Options Made Easy; on Tuesday, November 20, 2017 -- in the article ““Armchair Trader Series” Recommendations - Week Beginning - Monday, November 27, 2017”-- producing excellent profits of 205% within 24 hours of executing the trade! And for the trader that held the trade, the option would provide 302% potential profit if sold now!
Thor Industries, Inc. (NYSE:THO), a maker of RVs, reports late today, and EPS is seen rising 21% to $1.80, as revenue grows 14% to $1.95 billion.
Thor 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.
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 has been boosting production capacity to meet surging demand, and investors are also expecting greater needs for temporary housing in areas recently hit by hurricanes.
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.
** OPTION TRADE: Buy the THO DEC 15 2017 140.000 CALL at approximately $3.70. Place a pre-determined sell at $7.40.
Also include a protective stop loss of $1.50.
Thor Industries reported earnings of $2.43 per share, surpassing the Consensus Estimate of $1.80. Net income soared 63.1% to $128.4 million from $78.7 million in the prior-year quarter.
Revenues rose 30.6% year over year to $2.23 billion and also outpaced the Consensus Estimate of $1.95 billion.
Gross profit jumped 40.7% to $333.2 million from $236.8 million in first-quarter fiscal 2017. The gross profit margin increased to 14.9% compared with 13.9% in the year-ago quarter, driven by strong production, favorable changes in product mix and selective net price rise.
Thor Industries was a big mover last session, as the company saw its shares rise more than 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $128.04 to $137.61 in the past one-month time frame.
At the time of the recommendation, Monday morning, THO stock price was sitting at $138.11.
Tuesday trading saw the stock price hit $155.05.
So, for those Armchair and All-inclusive traders who managed to execute this trade recommended by Stock Options Made Easy; a nice tidy potential profit of 205% within 24 hours.
ACTION TO TAKE…….
As you would have by now realized, many of our trades are based on earnings predictions. This is not to say all trades recommended to members follow this pattern, but during earnings season this strategy has been very profitable.
Our approach is to predict whether a company will beat or miss estimates, whether the stock will appreciate or depreciate as a result and what strategies investors and traders can use. This type of prediction is based on thorough investigation and fundamentally based research, and the results have been very exceptional.Our proven track record says it all!!
Members of Stock Options Made Easy are provided with an extensive reason as to which direction a stock will move after earnings, followed up by a recommended options trade.
What To Do Now…….
If you interested in being part of this profitable action just click here……