Thermon Group Holdings Earnings: Here’s Why the Stock is Rising Now

Thermon Group Holdings Inc(NYSE:THR) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.36%.

Thermon Group Holdings Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 0% to $0.23 in the quarter versus EPS of $0.23 in the year-earlier quarter.

Revenue: Decreased 2.4% to $65.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Thermon Group Holdings Inc reported adjusted EPS income of $0.23 per share. By that measure, the company beat the mean analyst estimate of $0.22. It missed the average revenue estimate of $68.15 million.

Quoting Management: “Thermon demonstrated a solid quarter in Q1 and we are positioned for another growth year. We reaffirm our guidance of mid-single digit revenue growth in fiscal 2014. Our revenues met our expectations, our margins increased over Q4 2013 due to a favorable MRO/UE mix and our adjusted earnings were healthy,” said Rodney Bingham, President and Chief Executive Officer.

Key Stats (on next page)…

Revenue decreased 9% from $72.09 million in the previous quarter. EPS increased 27.78% from $0.18 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.29 to a profit $0.28. For the current year, the average estimate has moved down from a profit of $1.17 to a profit of $1.14 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]