Thermon Group Holdings Inc expected to post earnings of 31 cents a share - Earnings Preview

Thermon group

05/08/2024 16:36

* Thermon Group Holdings Inc  THR.N   THR  is expected
to show a
rise in quarterly revenue when it reports  results on August 7
for the period ending June 30 2024
    * The Austin Texas-based  company is expected to report a
8.5% increase in revenue to $115.964 million from $106.9 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Thermon Group Holdings
Inc is
for earnings of 31 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Thermon
Group
Holdings Inc is $38.00​, above​ its last closing price
of $29.81. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.32        0.32       0.34      Beat    6.3
 Dec. 31 2024  0.50        0.51       0.59      Beat    16.8
 Sep. 30 2023  0.35        0.35       0.49      Beat    42​
 Jun. 30 2023  0.29        0.29       0.40      Beat    37.9
 ​​Mar.        0.41        0.41       0.41      Met     0
 31 2023                                                
 Dec. 31 2022  0.37        0.37       0.52      Beat    40.5​
 Sep. 30 2022  0.21        0.20       0.38      Beat    90
 Jun. 30 2022  0.11        0.11       0.25      Beat    127.3
 This summary was machine generated August 5 at 15:36 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)