Trinity Capital Inc reports results for the quarter ended in June - Earnings Summary

Trinity Capital

07/08/2024 14:32

* Trinity Capital Inc  TRIN.OQ  reported quarterly adjusted
earnings of 51 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 61 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 52 cents per share. Wall Street
expected results to range from 49 cents to 55 cents per share.
    * Revenue rose 18.7% to $54.64 million from a year ago;
analysts
expected $52.83 million. 
    * Trinity Capital Inc's reported EPS for the quarter was 59
cents​.
    * The company reported quarterly net income of $30.83
million.
    * Trinity Capital Inc shares had fallen by 0.4% this
quarter and
lost 3.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "buy"

Wall Street's median 12-month price target for Trinity Capital
Inc is $15.50 
This summary was machine generated from LSEG data August 7 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.52           0.51           Missed
 Mar. 31 2024      0.54           0.52           Missed
 Dec. 31 2023      0.54           0.54           Met
 Sep. 30 2023      0.55           0.55           Met