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Recap: TriMas Q2 Earnings

  TriMas (NASDAQ:TRS) reported its Q2 earnings results on Thursday, July 28, 2022 at 08:00 AM. Here's what investors need to know about the announcement. Earnings TriMas reported in-line EPS of $0.6 versus an estimate of $0.6.

Benzinga · 07/28/2022 08:29

 

TriMas (NASDAQ:TRS) reported its Q2 earnings results on Thursday, July 28, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

TriMas reported in-line EPS of $0.6 versus an estimate of $0.6.

Revenue was up $18.69 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01 which was followed by a 4.49% drop in the share price the next day.

Here's a look at TriMas's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.49 0.53 0.60 0.55
EPS Actual 0.50 0.56 0.57 0.62
Revenue Estimate 233.67M 209.49M 223.32M 220.58M
Revenue Actual 224.31M 208.97M 222.42M 218.99M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

TriMas management provided guidance for FY 2022, expecting earnings between $2.25 and $2.35 per share.

To track all earnings releases for TriMas VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.