Truist Finl TFC is preparing to release its quarterly earnings on Thursday, 2024-10-17. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Truist Finl to report an earnings per share (EPS) of $0.91.
The announcement from Truist Finl is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Earnings Track Record
In the previous earnings release, the company beat EPS by $0.09, leading to a 0.85% increase in the share price the following trading session.
Here's a look at Truist Finl's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.82 | 0.8 | 0.89 | 0.82 |
| EPS Actual | 0.91 | 0.9 | 0.81 | 0.84 |
| Price Change % | 1.0% | 2.0% | 4.0% | -3.0% |
Truist Finl Share Price Analysis
Shares of Truist Finl were trading at $43.91 as of October 15. Over the last 52-week period, shares are up 58.84%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Truist Finl visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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