Thryv Holdings, Inc. (THRY) Q2 Earnings Miss Estimates

Core Insights - Thryv Holdings, Inc. reported quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.41 per share, and down from $0.43 per share a year ago, representing an earnings surprise of -19.51% [1] - The company posted revenues of $224.08 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.61%, but down from $251.42 million year-over-year [2] - Thryv shares have underperformed the market, losing about 4.3% since the beginning of the year compared to the S&P 500's gain of 15.8% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.21 on revenues of $181.15 million, and for the current fiscal year, it is $0.25 on revenues of $818.75 million [7] - The estimate revisions trend for Thryv is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Internet - Software industry, to which Thryv belongs, is currently in the top 36% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8]