TriMas (NASDAQ:TRS) reported its Q4 earnings results on Tuesday, March 1, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
TriMas beat estimated earnings by 5.66%, reporting an EPS of $0.56 versus an estimate of $0.53.
Revenue was up $20.80 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03 which was followed by a 2.18% increase in the share price the next day.
Here's a look at TriMas's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.60 | 0.55 | 0.37 | 0.31 |
| EPS Actual | 0.57 | 0.62 | 0.40 | 0.38 |
| Revenue Estimate | 223.32M | 220.58M | 195.56M | 176.97M |
| Revenue Actual | 222.42M | 218.99M | 206.73M | 188.17M |
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 their next quarter, expecting earnings between $2.25 and $2.35 per share for the next quarter.
This represents a 310.71% in quarter-over-quarter growth for TriMas, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
