Trinseo TSE is set to give its latest quarterly earnings report on Wednesday, 2024-11-06. Here's what investors need to know before the announcement.
Analysts estimate that Trinseo will report an earnings per share (EPS) of $-1.47.
Anticipation surrounds Trinseo's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Historical Earnings Performance
The company's EPS missed by $0.21 in the last quarter, leading to a 3.98% drop in the share price on the following day.
Here's a look at Trinseo's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -1.25 | -1.98 | -1.33 | -0.96 |
| EPS Actual | -1.46 | -1.94 | -2.99 | -1.03 |
| Price Change % | -4.0% | 10.0% | -21.0% | 6.0% |
Trinseo Share Price Analysis
Shares of Trinseo were trading at $4.33 as of November 04. Over the last 52-week period, shares are down 27.21%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
To track all earnings releases for Trinseo 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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