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

Thermon group

02/11/2023 14:06

* Thermon Group Holdings Inc  THR.N  reported quarterly
adjusted
earnings of 49 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 38 cents.  The mean expectation of
two analysts for the quarter was for earnings of 35 cents per
share. Wall Street expected results to range from 33 cents to 36
cents per share.
    * Revenue rose 23% to $123.66 million from a year ago;
analysts
expected $105.97 million. 
    * Thermon Group Holdings Inc's reported EPS for the quarter
was 43
cents​.
    * The company reported quarterly net income of $14.73
million.
    * Thermon Group Holdings Inc shares had fallen by 1.1% this
quarter and gained 35.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.8%
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." 
    * Wall Street's median 12-month price target for Thermon
Group
Holdings Inc is $30.00 

This summary was machine generated from LSEG data November 2 at
02:06 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.35           0.49           Beat
 Jun. 30 2023      0.29           0.40           Beat
 Mar. 31 2023      0.41           0.41           Met
 Dec. 31 2022      0.37           0.52           Beat