Reported July 27, TC Energy Q2 Adj EPS $0.71 Misses $0.73 Estimate, Sales $2.85B Beat $2.77B Estimate
Portfolio Pulse from Happy Mohamed
TC Energy (NYSE:TRP) reported Q2 earnings of $0.71 per share, missing the analyst consensus estimate of $0.73 by 2.74%. This is a decrease of 8.97% from the same period last year. However, the company's quarterly sales of $2.85 billion beat the estimate of $2.77 billion by 2.92%, marking a slight increase of 0.04% from last year.
July 28, 2023 | 2:41 pm
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TC Energy's Q2 earnings per share missed estimates, but sales exceeded expectations.
TC Energy's earnings per share fell short of analyst estimates, which could negatively impact investor sentiment and potentially lead to a short-term decrease in the stock price. However, the company's sales exceeded expectations, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100