Triumph Financial Q2 2024 GAAP EPS $0.08 Misses $0.22 Estimate, Sales $105.082M Beat $104.076M Estimate
Portfolio Pulse from Benzinga Newsdesk
Triumph Financial (NASDAQ:TFIN) reported Q2 2024 earnings per share (EPS) of $0.08, missing the analyst consensus estimate of $0.22 by 63.64%. However, the company reported sales of $105.082 million, beating the estimate of $104.076 million by 0.97%. This represents a 2.06% increase over the same period last year.
July 17, 2024 | 8:11 pm
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NEGATIVE IMPACT
Triumph Financial's Q2 2024 earnings per share (EPS) missed analyst estimates significantly, which could negatively impact the stock price in the short term. However, the company did report a slight beat on sales and a year-over-year increase, which may provide some support.
The significant miss on EPS is likely to weigh heavily on investor sentiment, leading to a short-term decline in the stock price. The slight beat on sales and year-over-year growth may offer some support, but the overall impact is expected to be negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100