Trustmark Q1 2024 GAAP EPS $0.68 Beats $0.60 Estimate, Sales $191.544M Beat $189.232M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trustmark (NASDAQ:TRMK) reported Q1 2024 earnings of $0.68 per share, surpassing the $0.60 estimate, a 13.33% beat. Sales reached $191.544M, exceeding the $189.232M forecast by 1.22%. However, both earnings and sales saw a decrease from the previous year, with earnings down 17.07% and sales slightly down by 0.47%.
April 23, 2024 | 9:31 pm
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Trustmark reported a strong Q1 2024 with earnings and sales beating estimates, but showed a year-over-year decline in both metrics.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price, as it indicates better-than-expected financial health and operational performance. However, the year-over-year decline in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism for Trustmark's stock in the short term.
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