Triumph Financial Q1 2024 GAAP EPS $0.14 Misses $0.34 Estimate, Sales $101.034M Miss $106.009M Estimate
Portfolio Pulse from Benzinga Newsdesk
Triumph Financial (NASDAQ:TFIN) reported Q1 2024 earnings of $0.14 per share, missing the consensus estimate of $0.34 by 58.82%. Quarterly sales were $101.034M, below the estimate of $106.009M by 4.69%, marking a 3.23% decrease from the same period last year.
April 17, 2024 | 8:46 pm
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NEGATIVE IMPACT
Triumph Financial reported lower than expected Q1 2024 earnings and sales, missing estimates on both fronts.
Missing both earnings and sales estimates significantly, especially by 58.82% for EPS, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100