TriMas Q3 Adj EPS $0.57 Beats $0.55 Estimate, Sales $235.34M Miss $247.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
TriMas (NASDAQ:TRS) reported Q3 adjusted earnings of $0.57 per share, beating the analyst consensus estimate of $0.55 by 3.64%. However, the company's quarterly sales of $235.34 million missed the analyst consensus estimate of $247.22 million by 4.81%. The earnings represent a 42.5% increase from the same period last year, while the sales represent a 7.69% increase.
October 26, 2023 | 12:09 pm
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NEUTRAL IMPACT
TriMas reported better than expected Q3 earnings but missed on sales estimates. This mixed report may lead to uncertain short-term price movement.
TriMas reported a strong increase in earnings, which could positively impact the stock price. However, the missed sales estimate could offset this positive impact, leading to a neutral short-term price direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100