Thermon Group Holdings, Inc. (NYSE:THR) is reporting second quarter financial results on Thursday 5th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, THR is expected to report 2Q21 income of $ 0.07 per share from revenue of $ 69.65 million.
For the full year, analysts anticipate top line of $ 286.97 million, while looking forward to income of $ 0.37 per share bottom line.
Previous Quarter Performance
Thermon Group Holdings, Inc. outlined loss for the first quarter of $ 0.11 per share, from the revenue of $ 56.85 million. The quarterly revenues reduced 38.01 percent compared with the same quarter last year. According to street consensus, THR was expected to report 1Q21 loss of $ 0.12 per share from revenue of $ 54.60 million. The bottom line results beat street analysts by $ 0.01 or 8.33 percent, at the same time, top line results outshined analysts by $ 2.25 million or 4.12 percent.
Stock Performance
Shares of Thermon Group Holdings, Inc. traded low $ -0.50 or -4.70 percent on Wednesday, reaching $ 10.13 with volume of 95.80 thousand shares. Thermon Group Holdings, Inc. has traded high as $ 10.50 and has cracked $ 10.01 on the downward trend
The closing price of $ 10.13, representing a 6.51 % increase from the 52 week low of $ 9.98 and a 61.67 % decrease over the 52 week high of $ 27.73.
The company has a market capital of $ 336.00 million and is part of the Industrials sector and Diversified Industrials industry.
Conference Call
Thermon Group Holdings, Inc. will be hosting a conference call at 11:00 AM eastern time on 5th November 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.thermon.com
Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as related product lines.
