Tricon Residential Q2 EPS $0.14 Down From $0.16 YoY, Sales $197.50M Beat $123.50M Estimate
Portfolio Pulse from sunil@benzinga.com
Tricon Residential reported Q2 earnings of $0.14 per share, a 12.5% decrease YoY. However, the company's quarterly sales of $197.50M beat the analyst consensus estimate of $123.50M by 59.92%, marking a 27.31% increase YoY.
August 08, 2023 | 9:58 pm
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NEUTRAL IMPACT
Tricon Residential's Q2 earnings per share decreased by 12.5% YoY, but sales significantly beat estimates.
While Tricon Residential's earnings per share decreased, the significant beat on sales could balance out the impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100