TriMas (NASDAQ:TRS) reported its Q1 earnings results on Thursday, April 28, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
TriMas beat estimated earnings by 2.04%, reporting an EPS of $0.5 versus an estimate of $0.49.
Revenue was up $17.58 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 4.23% increase in the share price the next day.
Here's a look at TriMas's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.53 | 0.60 | 0.55 | 0.37 |
| EPS Actual | 0.56 | 0.57 | 0.62 | 0.40 |
| Revenue Estimate | 209.49M | 223.32M | 220.58M | 195.56M |
| Revenue Actual | 208.97M | 222.42M | 218.99M | 206.73M |
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.
