Thermon Group Holdings
The 10-second takeaway
For the quarter ended March 31 (Q4), Thermon Group Holdings missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share contracted.
Margins contracted across the board.
Thermon Group Holdings tallied revenue of $71.7 million. The seven analysts polled by S&P Capital IQ foresaw revenue of $75.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.18. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.24 per share. GAAP EPS of $0.18 for Q4 were 10% lower than the prior-year quarter's $0.20 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 44.5%, 550 basis points worse than the prior-year quarter. Operating margin was 16.5%, 520 basis points worse than the prior-year quarter. Net margin was 7.9%, 120 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $68.9 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $298.6 million. The average EPS estimate is $1.14.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 18 members out of 18 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 buy, with an average price target of $25.63.
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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.