Earnings Outlook For TPG RE Finance Trust
Portfolio Pulse from Benzinga Insights
TPG RE Finance Trust (NYSE:TRTX) is scheduled to release its quarterly earnings report on February 20, 2024, with an estimated EPS of $-0.17. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for the next quarter. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant price changes. Shares of TRTX were trading at $5.62 as of February 15, down 26.43% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
February 19, 2024 | 5:01 pm
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TPG RE Finance Trust is expected to report an EPS of $-0.17 for the upcoming quarter. Historical performance shows significant stock price movements post-earnings announcements, especially following EPS misses.
Given TRTX's history of not meeting EPS estimates and the subsequent negative impact on its stock price, there is a high likelihood of a short-term negative impact on the stock price if the trend continues. The anticipation of the earnings report, coupled with the company's past performance, suggests a bearish outlook among investors, which could lead to a decrease in stock price following the announcement, especially if the company fails to meet or exceed the estimated EPS or provide positive guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100