Benzinga | Nov 8, 2021 09:59AM EST

Thermon Group Holdings's Earnings Outlook

Thermon Group Holdings (NYSE:THR) is set to give its latest quarterly earnings report on Tuesday, 2021-11-09. Here's what investors need to know before the announcement.

Analysts estimate that Thermon Group Holdings will likely report an Earnings Per Share (EPS) of $0.11

Thermon Group Holdings bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat on EPS by 133.33%, which was followed by a 0.29% drop in the share price the next day.

Here's a look at Thermon Group Holdings's past performance and the resulting price change:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021EPS Estimate 0.03 0.19 0.24 0.07EPS Actual 0.07 0.03 0.30 0.12Price Change % -0.29% 0.69% -1.05% -1.11%

Stock Performance

Shares of Thermon Group Holdings were trading at $18.83 as of November 04. Over the last 52-week period, shares are up 48.27%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here