Thermon Group Holdings (NYSE:THR) Stock, Quote.Headers.trade-ideas

Thermon Group Holdings

Thermon Group Holdings Inc is a United States-based company that provides engineered thermal solutions for process industries. The company's product portfolio comprises electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. It also provides turnkey services and design and engineering services. The company's customers include large engineering, procurement, and construction companies; oil and gas companies; commercial subcontractors; electrical component distributors; and others. The company has a presence, in the United States and Latin America (US-LAM), Canada, Europe, Middle East and Africa (EMEA), and Asia-Pacific.

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Thermon Group reports Q4 revenue of $127.7M, beating consensus. Revenue driven by sales growth in diversified markets and decarbonization projects. Outlook for FY25 shows expected growth of 9% at midpoint. 

Thermon Group Touts Revenue Rise In Q4 Amid Market Challenges, Sets FY25 Goals

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As of April 1, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 5 Industrials Stocks That May Fall Off A Cliff This Quarter

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Shares of C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) fell sharply during Thursday’s session after the company reported worse-than-expected fourth-quarter financial results.

Why C.H. Robinson Shares Are Trading Lower By Over 12%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

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Thermon Reiterates FY25 Financial Guidance; Total Revenue Of $527M - $553M (Est $540.813M), Adjusted EPS Of $1.90 - $2.06  (Est $1.98)

Thermon Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THR#NYSE">THR</a>) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.31 by 22.58 percent. This is a 5 percent decrease over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $115.126 million which missed the analyst consensus estimate of $115.964 million by 0.72 percent. This is a 7.71 percent increase over sales of $106.889 million the same period last year.

Earnings Beats

Earnings Misses

Thermon Group Holdings Q1 2025 Adj. EPS $0.38 Beats $0.31 Estimate, Sales $115.126M Miss $115.964M Estimate

Thermon Group Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THR#NYSE">THR</a>) short percent of float has fallen 5.1% since its last report. The company recently reported that it has 267 thousand shares sold short, which is 0.93% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.42 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Thermon Group Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720638025_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Thermon Group Holdings has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Thermon Group Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Thermon Group Holdings's peer group average for short interest as a percentage of float is 11.18%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

How Is The Market Feeling About Thermon Group Holdings?

Roth MKM analyst Chip Moore maintains Thermon Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THR#NYSE">THR</a>) with a Buy and raises the price target from $36 to $38.

Price Target

Analyst Ratings

Roth MKM Maintains Buy on Thermon Group Holdings, Raises Price Target to $38

Thermon Group Holdings, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THR#NYSE">THR</a>) shares are trading lower after it reported a fourth-quarter FY24 revenue increase of 4% Y/Y to&nbsp;$127.7 million, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/ac39058604/thermon-reports-fourth-quarter-fiscal-2024-results" rel="noreferrer noopener">beating the consensus of $126.66 million</a>.
Revenue was&nbsp;driven by sales growth across diversified end markets and decarbonization projects.
Thermon delivered bookings of $117.0 million, with 73% of orders in diversified end markets and a book-to-bill ratio of 0.92x.
The company achieved gross profit growth of 2% to $52.4 million, with a margin of 41.0%, a contraction of approximately 110 basis points Y/Y, in the quarter.
Adjusted EBITDA fell 6% Y/Y to $23.6 million, owing to planned investment to support long-term strategy.
Adjusted EPS stood at $0.34, down 17% Y/Y, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the consensus of $0.32</a>.
At the end of the quarter, the company had an available liquidity of $141.3 million, which includes $48.6 million in cash and cash equivalents and $92.7 million available under credit agreements.
Outlook: Thermon expects FY25 revenues of&nbsp;$527 million-$553 million&nbsp;vs. consensus of&nbsp;$550.1 million, representing <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">growth of&nbsp;9% at the midpoint.</a>
The company projects adjusted EPS of&nbsp;$1.90-$2.06&nbsp;vs.&nbsp;street view of $1.95.
Bruce Thames, President and CEO, said, &#8220;As we look ahead to Fiscal 2025, while we expect the operating environment to remain dynamic, the Thermon team will be laser-focused on realizing continuous improvement, implementing our strategy and creating long-term value for our shareholders.&#8221;
Price Action: THR shares are down 1.39% at $34.40 at the last check Wednesday.

Greg Lucas, Thermon&#39;s Vice President, Corporate Controller, added, &quot;For the coming fiscal year ending March 31, 2025 (&quot;Fiscal 2025&quot;), we expect our customers to remain cautious with respect to large capital projects under the current macroeconomic backdrop. Nonetheless, we are optimistic about our ability to deliver revenue and earnings growth in Fiscal 2025 as we continue to execute our strategy and improve our cost structure through operational efficiency. We anticipate revenue to be in the range of approximately&nbsp;$527 million&nbsp;to&nbsp;$553 million, which represents year-over-year growth of&nbsp;9%&nbsp;at the midpoint and Adjusted EBITDA to be approximately&nbsp;$112 million&nbsp;to&nbsp;$120 million&nbsp;representing&nbsp;11%&nbsp;growth at the midpoint of the range. We expect GAAP EPS to be approximately&nbsp;$1.57&nbsp;to&nbsp;$1.73&nbsp;and Adjusted EPS to be approximately&nbsp;$1.90&nbsp;to&nbsp;$2.06. We will continue to prudently invest to advance our strategy and position Thermon for success over both the near and long term.&quot;

Thermon Group Sees FY25 Revenues Of $527M-$553M Vs. $550.1M Estimate Representing YoY Growth Of 9%; Company Projects Adjusted EPS Of $1.90-$2.06 Vs. $1.94 Estimate

Thermon Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THR#NYSE">THR</a>) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.32 by 6.25 percent. This is a 17.07 percent decrease over earnings of $0.41 per share from the same period last year. The company reported quarterly sales of $127.65 million which beat the analyst consensus estimate of $126.66 million by 0.78 percent. This is a 4.22 percent increase over sales of $122.48 million the same period last year.

Thermon Group Holdings Q4 Adj $0.34 Beats $0.32 Estimate, Sales $127.65M Beat $126.66M Estimate

CJS Securities initiates coverage on Thermon Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THR#NYSE">THR</a>) with a Market Outperform rating and announces Price Target of $42.

Initiation

CJS Securities Initiates Coverage On Thermon Group Holdings with Market Outperform Rating, Announces Price Target of $42

The Company has begun a search to consider both internal and external candidates for the Chief Financial Officer role.&nbsp;During this transition period, Greg Lucas, Vice President and Corporate Controller, will assume the roles of principal financial officer and principal accounting officer of the Company.

Management

Thermon Group Says Kevin Fox, Senior Vice President And CFO, Will Be Departing To Pursue Another Opportunity, Effective April 12, 2024

As of April 1, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Nikola Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkla#NASDAQ">NKLA</a>)</h3>
<ul>
<li>On March 27, Nikola said that a unit of the company collaborated with players, including trucker rest stop Blackjacks Roadhouse, to unveil the first commercial hydrogen fueling station in Alberta, Canada. The company&rsquo;s stock gained around 58% over the past five days and has a <a href="https://www.benzinga.com/quote/NKLA">52-week high of $3.71 </a>.</li>
<li>RSI Value: 77.54</li>
<li>NKLA Price Action: Shares of Nikola gained 14.4% to close at $1.04 on Thursday.</li>
</ul>
<h3>Graham Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ghm#NYSE">GHM</a>)</h3>
<ul>
<li>On Feb. 5, Graham posted better-than-expected quarterly results. The company&rsquo;s stock gained around 15% over the past month and <a href="https://www.benzinga.com/quote/GHM"> has a 52-week high </a> of $27.60.</li>
<li>RSI Value: 78.52</li>
<li>GHM Price Action: Shares of Graham gained 1.3% to close at $27.28 on Thursday.</li>
</ul>
<h3>BrightView Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bv#NYSE">BV</a>)</h3>
<ul>
<li>On Jan. 31, BrightView posted downbeat quarterly results. The company&rsquo;s stock gained around 37% over the past month and has a <a href="https://www.benzinga.com/quote/BV"> 52-week high </a> of $11.92.</li>
<li>RSI Value: 83.40</li>
<li>BV Price Action: Shares of BrightView Holdings gained 4.4% to close at $11.90 on Thursday.</li>
</ul>
<h3>Thermon Group Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/thr#NYSE">THR</a>)</h3>
<ul>
<li>On March 15, Thermon Group authorized repurchase of up to $50 million of company&#39;s outstanding shares of common stock through March 15, 2027. The company&rsquo;s stock jumped around 20% over the past month and has a 52-week high is $34.07.</li>
<li>RSI Value: 70.57</li>
<li>THR Price Action: Shares of Thermon Group gained 2.7% to close at $32.72 on Thursday.</li>
</ul>
<h3>Air Lease Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/al#NYSE">AL</a>)</h3>
<ul>
<li>On March 28, Air Lease announced the closing of offering of &euro;600 million of senior unsecured medium-term notes. The company&rsquo;s stock jumped around 28% over the past month and <a href="https://www.benzinga.com/quote/AL"> has a 52-week high </a> of $51.77.</li>
<li>RSI Value: 84.53</li>
<li>AL Price Action: Shares of Air Lease climbed 1.3% to close at $51.44 on Thursday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37980980/5m-bet-on-snowflake-check-out-these-4-stocks-insiders-are-buying"> $5M Bet On Snowflake? Check Out These 4 Stocks Insiders Are Buying </a>

Thermon Group Authorized Repurchase Of Up To $50 Million Of Company's Outstanding Shares Of Common Stock Through March 15, 2027

Roth MKM analyst Chip Moore initiates coverage on Thermon Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THR#NYSE">THR</a>) with a Buy rating and announces Price Target of $36.

Roth MKM Initiates Coverage On Thermon Group Holdings with Buy Rating, Announces Price Target of $36

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) fell sharply during Thursday&rsquo;s session after the company reported worse-than-expected fourth-quarter financial results.
C.H. Robinson Worldwide posted adjusted earnings of 50 cents per share, missing market estimates if 81 cents per share. The company&rsquo;s quarterly sales came in at $4.20 billion versus estimates of $4.34 billion.
C.H. Robinson Worldwide shares dipped 12.6% to $73.49 on Thursday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Minim, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/minm#NASDAQ">MINM</a>) shares climbed 57.3% to $6.45. David E. Lazar recently disclosed a 51% active stake in Minim.</li>
<li>Clearmind Medicine Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmnd#NASDAQ">CMND</a>) jumped 51% to $2.17. Clearmind Medicine announced long-term licensing agreement with BIRAD.</li>
<li>NeuroBo Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrbo#NASDAQ">NRBO</a>) climbed 52.9% to $5.00. NeuroBo Pharmaceuticals announced FDA clearance of IND for Phase 1 clinical trial of DA-1726 for the treatment of obesity.</li>
<li>FibroBiologics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fblg#NASDAQ">FBLG</a>) shares climbed 47.4% to $42.90. FibroBiologics announced direct listing on the NASDAQ.</li>
<li>Celularity Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/celu#NASDAQ">CELU</a>) rose 36% to $0.5191. Celularity said it sees FY24 net sales of $50 million to $56 million.</li>
<li>Cimpress plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmpr#NASDAQ">CMPR</a>) jumped 28.8% to $96.90 after the company reported better-than-expected second-quarter financial results and said the board authorized the repurchase of up to $150 million of company shares.</li>
<li>TuSimple Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsp#NASDAQ">TSP</a>) rose 28% to $0.2950.</li>
<li>Elevai Labs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elab#NASDAQ">ELAB</a>) gained 23.5% to $0.84 after gaining 8% on Wednesday.</li>
<li>Asset Entities Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asst#NASDAQ">ASST</a>) climbed 22.8% to $0.5650.</li>
<li>Kiora Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kprx#NASDAQ">KPRX</a>) shares jumped 20.4% to $0.6649. Kiora Pharmaceuticals announced a private placement of up to $45 million.</li>
<li>Evaxion Biotech A/S (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evax#NASDAQ">EVAX</a>) gained 19.5% to $4.70. Evaxion Biotech announced pricing of $15 million public offering of 3.750 million ADS at $4.00 per ADS.</li>
<li>Nextracker Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxt#NASDAQ">NXT</a>) rose climbed 18.8% to $53.79 after the company reported better-than-expected third-quarter financial results.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) jumped 18.1% to $3.5791.</li>
<li>BioRestorative Therapies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brtx#NASDAQ">BRTX</a>) gained 16.4% to $1.8850.</li>
<li>Corteva, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ctva#NYSE">CTVA</a>) gained 16.2% to $52.84 after the company reported better-than-expected quarterly financial results, issued 2024 guidance and announced a $1 billion repurchase plan.</li>
<li>Nextracker Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nxt#NYSE">NXT</a>) jumped 16.1% to $52.56 after the company reported better-than-expected quarterly financial results.</li>
<li>Yoshiharu Global Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yosh#NASDAQ">YOSH</a>) rose 15.9% to $5.10.</li>
<li>FuelCell Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fcel#NASDAQ">FCEL</a>) gained 15.7% to $1.3885.</li>
<li>Plug Power Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plug#NASDAQ">PLUG</a>) climbed 12.2% to $4.9900. Plug Power said it completed first customer fill of liquid green hydrogen at its Georgia plant.</li>
<li>Credit Acceptance Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cacc#NASDAQ">CACC</a>) jumped 11.9% to $605.43 following upbeat earnings.</li>
<li>Digi International Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dgii#NASDAQ">DGII</a>) gained 11.7% to $27.17 following strong results.</li>
<li>Oragenics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ogen#NYSE">OGEN</a>) gained 11.1% to $2.5561 after dipping around 34% on Wednesday. Oragenics recently announced termination of at-market offering program.</li>
<li>Allegro MicroSystems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/algm#NASDAQ">ALGM</a>) climbed 10.9% to $28.77 following upbeat earnings.</li>
<li>Ferrari N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/race#NYSE">RACE</a>) gained 10.4% to $382.17 after the company reported fourth-quarter financial results and issued 2024 guidance.</li>
<li>Etsy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/etsy#NASDAQ">ETSY</a>) rose 9.6% to $72.95 after the company announced the appointment of Elliott Investment Management&rsquo;s Marc Steinberg to its board.</li>
<li>Boot Barn Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/boot#NYSE">BOOT</a>) gained 8.4% to $77.79 following upbeat earnings.</li>
<li>Sally Beauty Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sbh#NYSE">SBH</a>) jumped 7.4% to $13.24 following upbeat earnings.</li>
<li>EverQuote, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ever#NASDAQ">EVER</a>) gained 7.2% to $13.53.</li>
<li>Deutsche Bank Aktiengesellschaft (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/db#NYSE">DB</a>) shares gained 6.2% to $13.65 after the company posted fourth-quarter results and announced plans to cut 3,500 jobs. Deutsche Bank plans to increase both share repurchases and dividends by at least 50% year-over-year in 2024.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Revelation Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/revb#NASDAQ">REVB</a>) shares dipped 61.1% to $3.4268 after the company announced pricing of $6.2 million public offering.</li>
<li>InVivo Therapeutics Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nviv#NASDAQ">NVIV</a>) fell 49% to $0.3267. InVivo Therapeutics Holdings and subsidiary filed for Chapter 11 bankruptcy in Delaware but plan to continue operating under court supervision as a debtor-in-possession.</li>
<li>Hesai Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hsai#NASDAQ">HSAI</a>) declined 28.2% to $4.1817. Hesai Group issued a statement on the U.S. Department of Defense &quot;Chinese Military Companies&quot; list.</li>
<li>FibroBiologics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fblg#NASDAQ">FBLG</a>) fell 27.4% to $21.12.</li>
<li>Volcon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vlcn#NASDAQ">VLCN</a>) shares dipped 24.3% to $0.1020 after the company announced a 1-for-45 reverse stock split.</li>
<li>Peloton Interactive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pton#NASDAQ">PTON</a>) fell 22.9% to $4.2850 after the company reported mixed second-quarter financial results and issued third-quarter revenue guidance below estimates.</li>
<li>CareMax, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmax#NASDAQ">CMAX</a>) fell 21.4% to $8.10.</li>
<li>ADDvantage Technologies Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aey#NASDAQ">AEY</a>) shares declined 21.3% to $1.4320.</li>
<li>Earlyworks Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elws#NASDAQ">ELWS</a>) fell 21.2% to $0.44 after surging more than 55% on Wednesday.</li>
<li>Infobird Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ifbd#NASDAQ">IFBD</a>) shares declined 20.6% to $1.0799 after surging over 115% on Wednesday.</li>
<li>Alaunos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcrt#NASDAQ">TCRT</a>) fell 19.3% to $2.0410.</li>
<li>Rocket Lab USA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rklb#NASDAQ">RKLB</a>) shares declined 18.7% to $3.9450 after the company announced a proposed offering of $275 million convertible senior notes.</li>
<li>Bullfrog AI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bfrg#NASDAQ">BFRG</a>) fell 18.4% to $3.9736 after declining 9% on Wednesday. Bullfrog AI Holdings recently filed shelf offering of 786,938 shares and accompanying warrants at $6.63 per share and accompanying warrant.</li>
<li>Thermon Group Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/thr#NYSE">THR</a>) fell 16.2% to $27.45 following third-quarter results.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/psny#NASDAQ">PSNY</a>) declined 15.9% to $1.8250 after Volvo Cars said it will no longer provide further funding to the company.</li>
<li>Surmodics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srdx#NASDAQ">SRDX</a>) fell 14.9% to $29.97 following first-quarter results.</li>
<li>MaxLinear, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mxl#NYSE">MXL</a>) shares dipped 14.4% to $17.83 after reporting fourth-quarter results.</li>
<li>8x8, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eght#NASDAQ">EGHT</a>) fell 13.5% to $2.9050 following weak sales.</li>
<li>New York Community Bancorp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nycb#NYSE">NYCB</a>) dipped 13.5% to $5.60 after multiple firms downgraded the stock following the company&#39;s fourth-quarter results.</li>
<li>IHS Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ihs#NYSE">IHS</a>) fell 11.9% to $3.5050.</li>
<li>Western Alliance Bancorporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wal#NYSE">WAL</a>) dipped 10% to $57.58.</li>
<li>Aflac Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/afl#NYSE">AFL</a>) shares declined 9.7% to $76.17 after the company reported worse-than-expected fourth-quarter financial results.</li>
<li>Markel Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mkl#NYSE">MKL</a>) dipped 9.4% to $1,356.53 after the company reported 2023 financial results.</li>
<li>Wolfspeed, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wolf#NYSE">WOLF</a>) shares fell 9.2% to $29.56 following the company&#39;s second-quarter earnings.</li>
<li>Valley National Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vly#NASDAQ">VLY</a>) dipped 8% to $8.85.</li>
<li>Zions Bancorporation, National Association (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zion#NASDAQ">ZION</a>) fell 6.6% to $39.12.</li>
<li>ING Groep N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ing#NYSE">ING</a>) shares declined 5.9% to $13.37 following fourth-quarter results.</li>
<li>Sanofi (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sny#NASDAQ">SNY</a>) fell 3.2% to $48.33 after the company posted fourth-quarter results and named Fran&ccedil;ois-Xavier Roger as Chief Financial Officer.</li>
</ul>
&nbsp;
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Why C.H. Robinson Shares Are Trading Lower By Over 12%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

WIIM

Thermon Group Holdings shares are trading lower after the company reported Q3 financial results and issued FY24 guidance below estimates.

<h3>Gainers</h3>
<ul>
<li>TuSimple Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) stock rose 35.4% to $0.31 during Thursday's regular session. The company's market cap stands at $71.7 million. </li>
<li>Applied UV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUVIP#NASDAQ">AUVIP</a>) stock moved upwards by 25.44% to $3.5. </li>
<li>NEXTracker (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) stock moved upwards by 20.36% to $54.49. The market value of their outstanding shares is at $7.4 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>SunPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares moved upwards by 20.29% to $3.65. The company's market cap stands at $639.1 million. </li>
<li>TOMI Environmental Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOMZ#NASDAQ">TOMZ</a>) stock increased by 11.15% to $0.8. The company's market cap stands at $15.9 million. </li>
<li>Gaucho Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINO#NASDAQ">VINO</a>) shares rose 10.51% to $0.52. The market value of their outstanding shares is at $2.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) stock declined by 23.9% to $0.45 during Thursday's regular session. The company's market cap stands at $6.7 million. </li>
<li>Thermon Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THR#NYSE">THR</a>) stock decreased by 18.64% to $26.67. The company's market cap stands at $898.6 million. The company's, Q3 earnings came out today. </li>
<li>Rocket Lab USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock declined by 16.4% to $4.05. The company's market cap stands at $1.9 billion. </li>
<li>Jet AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) stock declined by 13.85% to $0.86. The market value of their outstanding shares is at $8.4 million. </li>
<li>C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) shares declined by 13.72% to $72.56. The market value of their outstanding shares is at $8.4 billion. The company's, Q4 earnings came out yesterday. </li>
<li>Freight Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRGT#NASDAQ">FRGT</a>) stock decreased by 11.67% to $0.22. The company's market cap stands at $5.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Thursday's Intraday Session

Earlier Announced Thermon Group Holdings Sees FY24 Adj. EPS ~$1.76-$1.84 Vs $1.90 Est.; Revenue ~$490M-$500M Vs $488.975M Est.

Thermon Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THR#NYSE">THR</a>) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.50 by 18 percent. This is a 13.46 percent increase over earnings of $0.52 per share from the same period last year. The company reported quarterly sales of $136.43 million which beat the analyst consensus estimate of $129.18 million by 5.61 percent. This is a 11.72 percent increase over sales of $122.11 million the same period last year.

Thermon Group Holdings Q3 Adj EPS $0.59 Beats $0.50 Estimate, Sales $136.43M Beat $129.18M Estimate

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Earnings Scheduled For February 1, 2024

Thermon Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THR#NYSE">THR</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-01. Here's what investors need to know before the announcement.
Analysts estimate that Thermon Group Holdings will report an earnings per share (EPS) of $0.50. 
Thermon Group Holdings bulls will hope to hear the company 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).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.15, which was followed by a 4.35% increase in the share price the next day.
Here's a look at Thermon Group Holdings's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.34</td>
<td>0.28</td>
<td>0.41</td>
<td>0.37</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.49</td>
<td>0.40</td>
<td>0.41</td>
<td>0.52</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.35%</td>
<td>-0.54%</td>
<td>3.02%</td>
<td>3.14%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706731299_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Thermon Group Holdings were trading at $33.57 as of January 30. Over the last 52-week period, shares are up 43.98%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/THR/earnings">To track all earnings releases for Thermon Group Holdings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Thermon Group Holdings

Vapor Power realized revenue of over&nbsp;$50 million&nbsp;in the calendar year ended December 31, 2023. Thermon expects the transaction to be accretive to GAAP earnings per share in the first twelve months.&nbsp;Thermon acquired Vapor Power from an investment group led by Stone Pointe, LLC and members of Vapor Power&#39;s management team.&nbsp;

Thermon Acquires Vapor Power And Its Affiliates, A Provider Of Industrial Process Heating Solutions; Terms Not Disclosed

Thermon Group: Cooling Down A Bit

Thermon beats top-line and bottom-line estimates; initiates FY25 outlook

Thermon Group Holdings (THR) has provided an update. Thermon has released its Fourth Quarter Fiscal 2024 Earnings Presentation, which is now availa...

Thermon Group Unveils Q4 Fiscal 2024 Earnings Presentation

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Thermon Group Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/thr-stock-quote/">THR</a>) just reported results for the fourth quarter of 2024.<ul><li>Thermon Group Holdings reported earnings per share of 34 cents. This was above the analyst estimate for EPS of 32 cents.</li><li>The company reported revenue of $127.65 million.</li><li>This was 0.78% better than the analyst estimate for revenue of $126.66 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/thr-stock-earnings-thermon-group-holdings-for-q4-of-2024/">THR Stock Earnings: Thermon Group Holdings Beats EPS, Beats Revenue for Q4 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

THR Stock Earnings: Thermon Group Holdings Beats EPS, Beats Revenue for Q4 2024

Thermon Group Holdings Inc (THR) Q4 2024 Earnings Call Transcript

In a report released today, Chip Moore from Roth MKM maintained a Buy rating on Thermon Group Holdings (THR – Research Report), with a price target...

Roth MKM Reaffirms Their Buy Rating on Thermon Group Holdings (THR)

Thermon Non-GAAP EPS of $0.38, revenue of $115.1M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Thermon Group Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/thr-stock-quote/">THR</a>) just reported results for the first quarter of 2025.<ul><li>Thermon Group Holdings reported earnings per share of 38 cents. This was above the analyst estimate for EPS of 31 cents.</li><li>The company reported revenue of $115.13 million.</li><li>This was 0.72% worse than the analyst estimate for revenue of $115.96 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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THR Stock Earnings: Thermon Group Holdings Beats EPS, Misses Revenue for Q1 2025

Thermon Group Holdings Inc. (THR) Q1 2025 Earnings Call Transcript

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Press Releases

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Thermon Schedules Third Quarter Fiscal 2024 Earnings Conference Call - February 1st, 2024

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Thermon Group Holdings

Thermon Group Holdings (THR) Forecast

Thermon Group Holdings (NYSE:THR) Stock, Quote.Headers.trade-ideas