Recap: Trinseo Q4 Earnings
Portfolio Pulse from Benzinga Insights
Trinseo (NYSE:TSE) reported Q4 earnings with an EPS of $-2.99, missing estimates by 124.81% against an expected $-1.33. Revenue decreased by $137.70 million from the same period last year. Despite past earnings misses, such as last quarter's $0.07 EPS miss, the share price increased by 5.74% the following day. Trinseo's performance over the past quarters shows a consistent pattern of not meeting EPS estimates.
February 12, 2024 | 9:25 pm
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NEGATIVE IMPACT
Trinseo reported a significant miss in Q4 earnings with an EPS of $-2.99, far below the estimated $-1.33, and a notable decrease in revenue compared to the same period last year.
The substantial miss in both EPS and revenue for Trinseo's Q4 earnings is likely to negatively impact investor sentiment and the stock price in the short term. Historically, earnings misses have led to negative price adjustments, although Trinseo's stock has shown some resilience in the past. The magnitude of the miss and the revenue decline are critical factors that could outweigh previous patterns of post-earnings recovery.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100