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Analysts Estimate Trustmark (TRMK) to Report a Decline in Earnings: What to Look Out for
TrustmarkTrustmark(US:TRMK) ZACKSยท2024-07-16 15:06

Core Viewpoint - Trustmark is expected to report a year-over-year decline in earnings despite higher revenues, with the consensus EPS estimate at $0.61, reflecting a -17.6% change from the previous year [9][11]. Revenue and Earnings Estimates - Revenues for the upcoming quarter are projected to be $229.83 million, representing a 16.8% increase from the same quarter last year [2]. - The consensus EPS estimate has been revised 5.34% higher in the last 30 days, indicating a positive reassessment by analysts [2]. Earnings Surprise Prediction - The Zacks Earnings ESP indicates a positive reading of +7.76% for Trustmark, suggesting that analysts have recently become more optimistic about the company's earnings prospects [14]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [4]. Historical Performance - Trustmark has beaten consensus EPS estimates three out of the last four quarters, indicating a history of positive surprises [17]. - In the last reported quarter, Trustmark had an earnings surprise of +13.33%, with actual earnings of $0.68 compared to an expected $0.60 [6]. Analyst Sentiment and Market Reaction - Despite the positive Earnings ESP, Trustmark currently holds a Zacks Rank of 4 (Sell), which complicates the prediction of an earnings beat [5][15]. - The stock's immediate price movement will largely depend on management's commentary during the earnings call and other market factors [10][18].