Industrial process heating solutions provider Thermon (NYSE: THR) will be reporting results this Thursday before market open. Here’s what to expect.
Thermon beat analysts’ revenue expectations by 10.3% last quarter, reporting revenues of $131.7 million, up 14.9% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is Thermon a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Thermon’s revenue to grow 3% year on year to $138.3 million, a reversal from the 1.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.58 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Thermon has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Thermon’s peers in the electrical systems segment, some have already reported their Q4 results, giving us a hint as to what we can expect. LSI posted flat year-on-year revenue, beating analysts’ expectations by 4.9%, and GE Vernova reported revenues up 3.8%, topping estimates by 6.5%. LSI traded up 8.6% following the results while GE Vernova was also up 3.6%.
Read our full analysis of LSI’s results here and GE Vernova’s results here.
There has been positive sentiment among investors in the electrical systems segment, with share prices up 8.5% on average over the last month. Thermon is up 25.8% during the same time and is heading into earnings with an average analyst price target of $50 (compared to the current share price of $48.05).
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