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Trinity Capital (TRIN) Gains As Market Dips: What You Should Know
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Trinity Capital (TRIN - Free Report) closed the most recent trading day at $13.67, moving +0.74% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.47%. Elsewhere, the Dow lost 0.72%, while the tech-heavy Nasdaq lost 5.08%.
Coming into today, shares of the business development company had gained 8.39% in the past month. In that same time, the Finance sector gained 4.09%, while the S&P 500 gained 5.36%.
Wall Street will be looking for positivity from Trinity Capital as it approaches its next earnings report date. On that day, Trinity Capital is projected to report earnings of $0.55 per share, which would represent year-over-year growth of 14.58%. Our most recent consensus estimate is calling for quarterly revenue of $40.67 million, up 21.55% from the year-ago period.
TRIN's full-year Zacks Consensus Estimates are calling for earnings of $2.16 per share and revenue of $164.17 million. These results would represent year-over-year changes of +0.93% and +12.83%, respectively.
Investors might also notice recent changes to analyst estimates for Trinity Capital. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Trinity Capital is currently a Zacks Rank #4 (Sell).
Looking at its valuation, Trinity Capital is holding a Forward P/E ratio of 6.29. This represents a discount compared to its industry's average Forward P/E of 7.16.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 32, which puts it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Trinity Capital (TRIN) Gains As Market Dips: What You Should Know
Trinity Capital (TRIN - Free Report) closed the most recent trading day at $13.67, moving +0.74% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.47%. Elsewhere, the Dow lost 0.72%, while the tech-heavy Nasdaq lost 5.08%.
Coming into today, shares of the business development company had gained 8.39% in the past month. In that same time, the Finance sector gained 4.09%, while the S&P 500 gained 5.36%.
Wall Street will be looking for positivity from Trinity Capital as it approaches its next earnings report date. On that day, Trinity Capital is projected to report earnings of $0.55 per share, which would represent year-over-year growth of 14.58%. Our most recent consensus estimate is calling for quarterly revenue of $40.67 million, up 21.55% from the year-ago period.
TRIN's full-year Zacks Consensus Estimates are calling for earnings of $2.16 per share and revenue of $164.17 million. These results would represent year-over-year changes of +0.93% and +12.83%, respectively.
Investors might also notice recent changes to analyst estimates for Trinity Capital. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Trinity Capital is currently a Zacks Rank #4 (Sell).
Looking at its valuation, Trinity Capital is holding a Forward P/E ratio of 6.29. This represents a discount compared to its industry's average Forward P/E of 7.16.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 32, which puts it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.