Earnings Preview For Thermon Group Holdings
Portfolio Pulse from Benzinga Insights
Thermon Group Holdings (NYSE:THR) is set to release its latest quarterly earnings report on November 2, 2023. Analysts estimate an earnings per share (EPS) of $0.34. The company's stock price often reacts to its guidance rather than the earnings beat or miss. Last quarter, the company beat EPS by $0.12, which was followed by a 0.54% drop in the share price. Over the last 52-week period, shares are up 51.92%.
November 01, 2023 | 6:01 pm
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Thermon Group Holdings is expected to report an EPS of $0.34. The company's stock price often reacts more to its guidance than the earnings beat or miss. Last quarter, the company beat EPS by $0.12, which led to a 0.54% drop in the share price.
The company's stock price often reacts more to its guidance than the earnings beat or miss. Last quarter, the company beat EPS by $0.12, which led to a 0.54% drop in the share price. This suggests that the company's guidance may have been less than favorable, leading to the drop in share price despite the earnings beat. Therefore, the upcoming earnings report and guidance will be crucial in determining the short-term price direction of the stock.
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