TriMas Q2 2024 Adj. EPS $0.43 Misses $0.53 Estimate, Sales $240.500M Beat $238.630M Estimate
Portfolio Pulse from Benzinga Newsdesk
TriMas (NASDAQ:TRS) reported Q2 2024 earnings per share (EPS) of $0.43, missing the analyst estimate of $0.53 by 18.87%. However, the company beat sales estimates with $240.5 million, a 3.13% increase from the same period last year.
July 30, 2024 | 12:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
TriMas reported Q2 2024 EPS of $0.43, missing the $0.53 estimate by 18.87%, but beat sales estimates with $240.5M. This mixed result may lead to short-term volatility in TRS stock.
The significant miss on EPS is likely to weigh on investor sentiment, despite the slight beat on sales. This mixed result could lead to short-term volatility in TRS stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100