Trinseo PLC reports results for the quarter ended in June - Earnings Summary

Trinseo

07/08/2024 01:26

* Trinseo PLC  TSE.N  reported a quarterly adjusted loss of
$1.46​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of
$-1.92.  The mean expectation of five analysts for the quarter
was for a loss of $1.25 per share. Wall Street expected
results to range from $-1.42 to -93 cents per share.
    * Revenue fell 4.4% to $920.00 million from a year ago;
analysts
expected $946.50 million. 
    * Trinseo PLC's reported EPS for the quarter was a loss of
$1.92​.
    * The company reported a quarterly loss of $67.8 million.
    * Trinseo PLC shares had risen by 7.8% this quarter and
lost 70.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.1%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commodity
chemicals
peer group is also "hold"

Wall Street's median 12-month price target for Trinseo PLC is
$4.43 
This summary was machine generated from LSEG data August 7 at
12:26 a.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      -1.25          -1.46          Missed
 Mar. 31 2024      -1.98          -1.94          Beat
 Dec. 31 2023      -1.33          -2.99          Missed
 Sep. 30 2023      -1.02          -1.03          Missed