Tronox Holdings Q1 2024 Adj EPS $(0.05) Misses $0.01 Estimate, Sales $774.000M Beat $754.017M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tronox Holdings (NYSE:TROX) reported Q1 2024 adjusted EPS of $(0.05), missing the $0.01 estimate by 600%, and a 133.33% decrease from last year's $0.15 EPS. However, their sales of $774M exceeded estimates by 2.65% and grew 9.32% from the previous year.
May 01, 2024 | 9:39 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Tronox Holdings reported a significant miss in Q1 2024 EPS but exceeded sales estimates, showing mixed financial health.
The significant miss in EPS could negatively impact investor sentiment and stock price in the short term. However, the beat on sales estimates and year-over-year sales growth indicates underlying business strength, potentially mitigating the negative impact on the stock price. The mixed financial results lead to a neutral short-term price direction score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100