Trinity Capital Inc reports results for the quarter ended in September 30 - Earnings Summary

Trinity Capital

30/10/2024 15:15

* Trinity Capital Inc  TRIN.OQ  reported quarterly adjusted
earnings of 52 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 55 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 47 cents to 56
cents per share.
    * Revenue rose 33% to $61.77 million from a year ago;
analysts
expected $55.53 million. 
    * Trinity Capital Inc's reported EPS for the quarter was 43
cents​.
    * The company reported quarterly net income of $24.4
million.
    * Trinity Capital Inc shares had risen by 0.1% this
quarter and
lost 6.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 15.75 
This summary was machine generated from LSEG data October 30 at
03:15 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
 Sep. 30 2024      0.52           0.52           Met
 Jun. 30 2024      0.52           0.51           Missed
 Mar. 31 2024      0.54           0.52           Missed
 Dec. 31 2023      0.54           0.54           Met