Thermon Group Holdings
The 10-second takeaway
For the quarter ended Sep. 30 (Q2), Thermon Group Holdings whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share increased significantly.
Margins grew across the board.
Thermon Group Holdings reported revenue of $67.4 million. The eight analysts polled by S&P Capital IQ predicted revenue of $76.8 million on the same basis. GAAP reported sales were 1.0% lower than the prior-year quarter's $68.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.26. The eight earnings estimates compiled by S&P Capital IQ averaged $0.27 per share. GAAP EPS of $0.22 for Q2 were 83% higher than the prior-year quarter's $0.12 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 48.5%, 150 basis points better than the prior-year quarter. Operating margin was 22.8%, 170 basis points better than the prior-year quarter. Net margin was 10.4%, 480 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $77.9 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $299.4 million. The average EPS estimate is $1.08.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 19 members out of 20 rating the stock outperform, and one members rating it underperform. Among five CAPS All-Star picks (recommendations by the highest-ranked CAPS members), five give Thermon Group Holdings a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Thermon Group Holdings is outperform, with an average price target of $25.83.
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