Thermon Group Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Thermon Group Holdings Inc THR.N reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 38 cents. The mean expectation of four analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 34 cents to 38 cents per share.

• Revenue fell 5.4% to $108.90 million from a year ago; analysts expected $122.53 million.

• Thermon Group Holdings Inc's reported EPS for the quarter was 26 cents​.

• The company reported quarterly net income of $8.58 million.

• Thermon Group Holdings Inc shares had risen by 0.5% this quarter and lost 1.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Thermon Group Holdings Inc is $36.00, about 21.6% above its last closing price of $28.23

This summary was machine generated from LSEG data August 7 at 04:48 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)