Trinseo Q4 EPS $(2.99) Misses $(1.33) Estimate, Sales $837.50M Miss $853.00M Estimate
Portfolio Pulse from Happy Mohamed
Trinseo reported Q4 earnings with a significant miss on both EPS and sales estimates. The EPS was $(2.99), missing the $(1.33) estimate by 124.81%, and sales were $837.50M, missing the $853.00M estimate by 1.82%. Year-over-year, this represents a 73.84% decrease in EPS and a 14.12% decrease in sales.
February 12, 2024 | 9:47 pm
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Trinseo's Q4 earnings significantly missed analyst estimates, with a larger than expected loss per share and lower sales, indicating a substantial year-over-year decline.
The significant miss in both EPS and sales estimates, coupled with the substantial year-over-year decline, is likely to negatively impact investor sentiment and could lead to a decrease in Trinseo's stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100