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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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.