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

Thermon group

07/08/2024 15:22

* Thermon Group Holdings Inc  THR.N  reported quarterly
adjusted
earnings of 38 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 40 cents.  The mean expectation of four analysts for the
quarter was for earnings of 31 cents per share. Wall Street
expected results to range from 29 cents to 33 cents per share.
    * Revenue rose 7.7% to $115.13 million from a year ago;
analysts
expected $115.96 million. 
    * Thermon Group Holdings Inc's reported EPS for the quarter
was 25
cents​.
    * The company reported quarterly net income of $8.51
million.
    * Thermon Group Holdings Inc shares had fallen by 5.1% this
quarter and lost 10.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.6%
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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Thermon Group
Holdings Inc is $38.00 
This summary was machine generated from LSEG data August 7 at
02:21 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
 Jun. 30 2024      0.31           0.38           Beat
 Mar. 31 2024      0.32           0.34           Beat
 Dec. 31 2023      0.51           0.59           Beat
 Sep. 30 2023      0.35           0.49           Beat