William Blair Has Pessimistic Outlook of Thryv Q3 Earnings

Thryv Holdings, Inc. (NASDAQ:THRY) – Research analysts at William Blair reduced their Q3 2024 earnings 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.

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

Thryv Price Performance

Shares of THRY stock opened at $14.73 on Friday. Thryv has a twelve month low of $13.74 and a twelve month high of $26.42. The company has a market capitalization of $534.70 million, a PE ratio of -1.89 and a beta of 0.81. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.58. The firm has a fifty day simple moving average of $17.47 and a 200-day simple moving average of $18.88.

Thryv (NASDAQ:THRY) last posted its earnings results 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 positive return on equity of 2.17% and a negative net margin of 30.83%. The business had revenue of $224.08 million for the quarter, compared to analyst estimates of $221.78 million. During the same period last year, the company posted $0.43 EPS. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year.

Hedge Funds Weigh In On Thryv

A number of large investors have recently added to or reduced their stakes in THRY. SageView Advisory Group LLC acquired a new position in Thryv during the first quarter worth $54,000. Point72 DIFC Ltd bought a new position in shares of Thryv in the 2nd quarter valued at about $100,000. Lazard Asset Management LLC bought a new stake in shares of Thryv in the 1st quarter valued at about $118,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Thryv by 78.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock worth $134,000 after buying an additional 3,303 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Thryv in the second quarter valued at approximately $143,000. Institutional investors 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.