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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