Thryv (NASDAQ:THRY) Issues Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Thryv (NASDAQ:THRY) issued its quarterly earnings results on Thursday. The company reported ($2.65) earnings per share for the quarter, missing the consensus estimate of ($2.53) by ($0.12), Briefing.com reports. The firm had revenue of $179.85 million for the quarter, compared to analysts’ expectations of $179.24 million. Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. Thryv’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.78) EPS. Thryv updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Thryv Trading Down 3.8 %

Shares of NASDAQ:THRY traded down $0.58 during trading on Friday, reaching $14.56. 423,751 shares of the company were exchanged, compared to its average volume of 235,781. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $528.53 million, a PE ratio of -1.89 and a beta of 0.85. The business’s fifty day simple moving average is $17.20 and its 200-day simple moving average is $18.69. Thryv has a 12-month low of $13.74 and a 12-month high of $26.42.

Wall Street Analysts Forecast Growth

THRY has been the topic of several recent analyst reports. Robert W. Baird decreased their target price on Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday. Needham & Company LLC restated a “buy” rating and set a $28.00 price target on shares of Thryv in a report on Friday. Finally, Craig Hallum initiated coverage on Thryv in a research report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 target price for the company.

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.