* Trinity Capital Inc 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
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