Thermon Group Holdings Q3 Adj EPS $0.59 Beats $0.50 Estimate, Sales $136.43M Beat $129.18M Estimate
Portfolio Pulse from saritha@benzinga.com
Thermon Group Holdings (NYSE:THR) reported Q3 adjusted EPS of $0.59, surpassing the $0.50 estimate, and sales of $136.43M, exceeding the $129.18M estimate. This represents an 18% EPS beat and a 5.61% sales beat, with year-over-year growth of 13.46% in earnings and 11.72% in sales.
February 01, 2024 | 11:51 am
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Thermon Group Holdings reported a strong Q3 with EPS of $0.59 and sales of $136.43M, beating estimates and showing significant year-over-year growth.
Thermon Group Holdings' Q3 earnings and sales not only surpassed analyst expectations but also demonstrated notable growth compared to the same period last year. This positive performance, especially in beating both earnings and sales estimates, is likely to instill investor confidence and could lead to a short-term uptick in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100