Trinity Cap Q2 2024 GAAP EPS $0.51 Misses $0.52 Estimate, Sales $54.641M Beat $52.833M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trinity Capital (NASDAQ:TRIN) reported Q2 2024 earnings per share (EPS) of $0.51, missing the analyst estimate of $0.52 by 1.92%. However, the company reported sales of $54.641 million, beating the estimate of $52.833 million by 3.42%. Compared to the same period last year, EPS decreased by 12.07%, while sales increased by 18.67%.
August 07, 2024 | 12:10 pm
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Trinity Capital (NASDAQ:TRIN) reported Q2 2024 EPS of $0.51, missing the analyst estimate of $0.52 by 1.92%. Sales were $54.641 million, beating the estimate of $52.833 million by 3.42%. EPS decreased by 12.07% YoY, while sales increased by 18.67% YoY.
The mixed results, with EPS missing estimates but sales beating them, create a neutral short-term outlook. The YoY decrease in EPS and increase in sales add complexity to the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100