Thermon Group Shares Climb 25.9% Monthly as Earnings Forecast Hits $2.13
Thermon Group shares climbed 2.52% last week and 25.89% this month, outpacing industry gains while averaging 405,678 shares traded over 20 days. The stock holds a Momentum Style Score of B and a Zacks Rank #2, following three upward earnings estimate revisions boosting full-year guidance to $2.13.
1. Price Performance
Thermon Group’s shares rose 2.52% over the past week and 25.89% this month, outpacing the Instruments – Control industry’s 2.41% weekly and 5.19% monthly increases. Over the last quarter, shares jumped 52.52% and climbed 73.4% year-over-year, compared with S&P 500 gains of 1.74% and 13.08%, respectively, while 20-day average volume stands at 405,678 shares.
2. Momentum Style Rating
The stock holds a Momentum Style Score of B, reflecting strong price trends and relative strength metrics. Thermon Group also carries a Zacks Rank #2 (Buy), placing it among top-rated momentum picks projected to outperform the market over the coming month.
3. Earnings Estimate Revisions
In the past two months, analysts raised three full-year earnings estimates and none were lowered, lifting consensus guidance from $2.07 to $2.13. Next fiscal year estimates also saw three upward revisions with no downgrades, reinforcing the bullish momentum outlook.