TriMas Q4 2023 Adj EPS $0.37 Misses $0.53 Estimate, Sales $209.56M Miss $246.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
TriMas (NASDAQ:TRS) reported Q4 2023 earnings of $0.37 per share, missing the $0.53 estimate, and sales of $209.56M, missing the $246.44M estimate. This represents a 40.32% decrease in earnings and a 3.07% increase in sales from the same period last year.
February 29, 2024 | 1:02 pm
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NEGATIVE IMPACT
TriMas reported a significant miss in both earnings and sales for Q4 2023, with earnings per share down 40.32% and a slight increase in sales by 3.07% from the previous year.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a substantial year-over-year decrease in earnings, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100