TriMas FY2024 Outlook: Adj EPS $1.95-2.15 vs $2.32 Est; Sales $938.228M-965.034M vs $1.06B Est
Portfolio Pulse from Benzinga Newsdesk
TriMas (NASDAQ:TRS) projects its FY2024 adjusted EPS to be between $1.95 and $2.15, below the analyst estimate of $2.32. The company also forecasts sales to range from $938.228 million to $965.034 million, which is below the estimated $1.06 billion.
February 29, 2024 | 1:12 pm
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NEGATIVE IMPACT
TriMas projects lower-than-expected FY2024 adjusted EPS and sales, indicating potential challenges ahead.
TriMas' projection of both adjusted EPS and sales for FY2024 falling below analyst estimates suggests potential headwinds or challenges that could negatively impact the company's financial performance. This outlook may lead to a negative short-term reaction in the stock market as investors adjust their expectations based on the new guidance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100