William Blair Issues Pessimistic Forecast for Thryv Earnings

Thryv Holdings, Inc. (NASDAQ:THRY) – Equities researchers at William Blair cut their FY2024 EPS estimates for Thryv in a research report issued on Wednesday, December 4th. William Blair analyst A. Bhatia now anticipates that the company will post earnings per share of ($2.19) for the year, down from their previous forecast of ($2.05). The consensus estimate for Thryv’s current full-year earnings is ($2.17) per share. William Blair also issued estimates for Thryv’s Q4 2024 earnings at ($0.05) EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.51 EPS and FY2025 earnings at $1.37 EPS.

Thryv (NASDAQ:THRY) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) EPS for the quarter, missing the consensus estimate of ($2.53) by ($0.12). The business had revenue of $179.85 million during the quarter, compared to the consensus estimate of $179.24 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company earned ($0.78) EPS.

Several other research firms also recently weighed in on THRY. Craig Hallum began coverage on shares of Thryv in a research note on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price target for the company. Robert W. Baird decreased their target price on Thryv from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $28.00 target price on shares of Thryv in a report on Wednesday.

Thryv Trading Up 2.2 %

Shares of THRY opened at $15.98 on Friday. The firm has a market capitalization of $671.88 million, a price-to-earnings ratio of -1.65 and a beta of 0.86. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. Thryv has a 1-year low of $13.06 and a 1-year high of $26.42. The company has a 50-day moving average of $16.03 and a 200 day moving average of $17.66.

Institutional Investors Weigh In On Thryv

Hedge funds have recently modified their holdings of the business. Harspring Capital Management LLC lifted its holdings in Thryv by 7.7% during the second quarter. Harspring Capital Management LLC now owns 420,000 shares of the company’s stock worth $7,484,000 after buying an additional 30,000 shares during the period. FMR LLC lifted its stake in shares of Thryv by 1.3% during the 3rd quarter. FMR LLC now owns 5,425,792 shares of the company’s stock worth $93,486,000 after purchasing an additional 71,174 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Thryv during the second quarter valued at about $2,816,000. Assenagon Asset Management S.A. purchased a new position in shares of Thryv in the 2nd quarter worth approximately $1,388,000. Finally, Millennium Management LLC grew its position in shares of Thryv by 78.8% in the 2nd quarter. Millennium Management LLC now owns 178,807 shares of the company’s stock worth $3,186,000 after buying an additional 78,793 shares during the last quarter. Hedge funds and other 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.