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

Thermon group

29/05/2024 14:52

* Thermon Group Holdings Inc  THR.N  reported quarterly
adjusted
earnings of 34 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 41 cents.  The mean expectation of four analysts for the
quarter was for earnings of 32 cents per share. 
    * Revenue rose 4.2% to $127.65 million from a year ago;
analysts
expected $126.66 million. 
    * Thermon Group Holdings Inc's reported EPS for the quarter
was 29
cents​.
    * The company reported quarterly net income of $10.08
million.
    * Thermon Group Holdings Inc shares had risen by 6.6% this
quarter and gained 7.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is  "buy."

Wall Street's median 12-month price target for Thermon Group
Holdings Inc is $36.00 
This summary was machine generated from LSEG data May 29 at
01:52 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
 Mar. 31 2024      0.32           0.34           Beat
 Dec. 31 2023      0.51           0.59           Beat
 Sep. 30 2023      0.35           0.49           Beat
 Jun. 30 2023      0.29           0.40           Beat