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

Trinity Capital

01/11/2023 13:32

* Trinity Capital Inc  TRIN.OQ  reported quarterly adjusted
earnings of 55 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 56 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 55 cents per
share. Wall Street expected results to range from 52 cents to 61
cents per share.
    * Revenue rose 20% to $46.44 million from a year ago;
analysts
expected $45.42 million. 
    * Trinity Capital Inc's reported EPS for the quarter was 40
cents​.
    * The company reported quarterly net income of $16.82
million.
    * Trinity Capital Inc shares had fallen by 1.4% this
quarter and
gained 26.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.6%
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 $15.75 
This summary was machine generated from LSEG data November 1 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.55           0.55           Met
 Jun. 30 2023      0.53           0.61           Beat
 Mar. 31 2023      0.57           0.52           Missed
 Dec. 31 2022      0.50           0.57           Beat