FY2024 Earnings Forecast for Thryv Issued By William Blair

Thryv Holdings, Inc. (NASDAQ:THRY) – Stock analysts at William Blair decreased their FY2024 earnings per share estimates for Thryv in a research note issued on Wednesday, December 4th. William Blair analyst A. Bhatia now expects that the company will post earnings of ($2.19) per share for the year, down from their prior estimate 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.

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

Thryv Price Performance

NASDAQ THRY opened at $15.98 on Friday. The stock’s fifty day moving average price is $16.03 and its 200 day moving average price is $17.66. Thryv has a 1 year low of $13.06 and a 1 year high of $26.42. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $671.88 million, a price-to-earnings ratio of -1.65 and a beta of 0.86.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The company had revenue of $179.85 million for the quarter, compared to analyst estimates of $179.24 million. During the same quarter in the previous year, the company posted ($0.78) EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year.

Institutional Investors Weigh In On Thryv

Several hedge funds have recently modified their holdings of THRY. FMR LLC raised its holdings in Thryv by 1.3% in 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 period. State Street Corp increased its position in shares of Thryv by 2.0% in the third quarter. State Street Corp now owns 1,159,541 shares of the company’s stock valued at $19,979,000 after buying an additional 22,460 shares in the last quarter. Harspring Capital Management LLC raised its stake in shares of Thryv by 51.2% during the 3rd quarter. Harspring Capital Management LLC now owns 635,000 shares of the company’s stock worth $10,941,000 after buying an additional 215,000 shares during the period. Brooktree Capital Management lifted its position in shares of Thryv by 7.1% during the 3rd quarter. Brooktree Capital Management now owns 407,730 shares of the company’s stock valued at $7,025,000 after buying an additional 27,018 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in Thryv by 95.8% in the 2nd quarter. Blair William & Co. IL now owns 355,790 shares of the company’s stock valued at $6,340,000 after acquiring an additional 174,090 shares during the period. 96.38% of the stock is owned by hedge funds and other institutional investors.

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.