Thermon Group Holdings Inc reports results for the quarter ended in December - Earnings Summary

Thermon group

01/02/2024 14:20

* Thermon Group Holdings Inc  THR.N  reported quarterly
adjusted
earnings of 59 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 52 cents.  The mean expectation of
two analysts for the quarter was for earnings of 51 cents per
share. Wall Street expected results to range from 50 cents to 51
cents per share.
    * Revenue rose 11.7% to $136.43 million from a year ago;
analysts
expected $129.18 million. 
    * Thermon Group Holdings Inc's reported EPS for the quarter
was 46
cents​.
    * The company reported quarterly net income of $15.84
million.
    * Thermon Group Holdings Inc shares had risen by 0.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "strong buy"

Wall Street's median 12-month price target for Thermon Group
Holdings Inc is $32.00 
This summary was machine generated from LSEG data February 1 at
02:18 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.51           0.59           Beat
 Sep. 30 2023      0.35           0.49           Beat
 Jun. 30 2023      0.29           0.40           Beat
 Mar. 31 2023      0.41           0.41           Met