Thermon Group Holdings
The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Thermon Group Holdings missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded.
Gross margins contracted, operating margins dropped, net margins were steady.
Thermon Group Holdings logged revenue of $76.8 million. The eight analysts polled by S&P Capital IQ expected to see a top line of $78.1 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $68.8 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 $0.24. The eight earnings estimates compiled by S&P Capital IQ forecast $0.29 per share. GAAP EPS of $0.24 for Q3 were 9.1% higher than the prior-year quarter's $0.22 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 45.3%, 360 basis points worse than the prior-year quarter. Operating margin was 19.6%, 300 basis points worse than the prior-year quarter. Net margin was 10.1%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $78.9 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $291.6 million. The average EPS estimate is $1.06.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 21 members out of 21 rating the stock outperform, and 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 $27.36.
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