William Blair Has Negative Forecast for Thryv Q3 Earnings

Thryv Holdings, Inc. (NASDAQ:THRY) – Analysts at William Blair reduced their Q3 2024 EPS estimates for shares of Thryv in a research note issued to investors on Wednesday, October 30th. William Blair analyst A. Bhatia now expects that the company will earn ($0.34) per share for the quarter, down from their previous forecast of ($0.19). William Blair also issued estimates for Thryv’s Q4 2024 earnings at ($0.11) EPS, FY2024 earnings at ($2.05) EPS, Q1 2025 earnings at ($0.01) EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $0.89 EPS.

Several other brokerages have also recently weighed in on THRY. Craig Hallum assumed coverage on shares of Thryv in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price target on shares of Thryv in a research report on Wednesday.

Thryv Stock Up 0.5 %

THRY opened at $14.38 on Friday. The company’s 50 day moving average price is $17.55 and its two-hundred day moving average price is $18.93. Thryv has a fifty-two week low of $13.74 and a fifty-two week high of $26.42. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.14 and a quick ratio of 1.14.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. The business had revenue of $224.08 million during the quarter, compared to the consensus estimate of $221.78 million. During the same quarter last year, the business earned $0.43 EPS. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year.

Hedge Funds Weigh In On Thryv

Several hedge funds and other institutional investors have recently bought and sold shares of THRY. Principal Financial Group Inc. raised its position in shares of Thryv by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 161,449 shares of the company’s stock worth $2,782,000 after acquiring an additional 4,705 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in Thryv by 37.2% in the third quarter. Pinnacle Associates Ltd. now owns 67,458 shares of the company’s stock worth $1,162,000 after purchasing an additional 18,287 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Thryv by 5.2% in the third quarter. State of Alaska Department of Revenue now owns 19,473 shares of the company’s stock valued at $335,000 after buying an additional 960 shares during the period. Louisiana State Employees Retirement System lifted its stake in Thryv by 3.8% in the third quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the company’s stock valued at $284,000 after buying an additional 600 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Thryv by 182.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 220,346 shares of the company’s stock worth $3,797,000 after buying an additional 142,434 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

About Thryv

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.