Earnings Preview: Trinity Industries
Portfolio Pulse from Benzinga Insights
Trinity Industries (NYSE:TRN) is set to release its quarterly earnings report on November 2, 2023. Analysts estimate an EPS of $0.29. The company's past performance shows a pattern of share price changes following earnings reports. Last quarter, the company missed EPS by $0.10, resulting in a 5.04% increase in share price. The company's shares are currently trading at $20.83, down 27.73% over the last 52-week period.
November 01, 2023 | 5:01 pm
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Trinity Industries' upcoming earnings report could impact its stock price. The company's past performance shows a pattern of share price changes following earnings reports. Last quarter, the company missed EPS by $0.10, resulting in a 5.04% increase in share price.
Trinity Industries' stock price has shown to be sensitive to its earnings reports. Last quarter, despite missing EPS estimates, the company's share price increased by 5.04%. Given this, the upcoming earnings report could have a significant impact on the company's stock price. However, the direction of the impact is uncertain as it can depend on various factors such as the actual earnings, the difference from estimates, and the company's guidance.
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IMPORTANCE 80
RELEVANCE 100