TORM TRMD is set to give its latest quarterly earnings report on Wednesday, 2022-03-02. Here's what investors need to know before the announcement.
Analysts estimate that TORM will report an earnings per share (EPS) of $-0.17.
TORM bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
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).
Past Earnings Performance
Last quarter the company missed EPS by $0.02, which was followed by a 2.24% increase in the share price the next day.
Here's a look at TORM's past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.17 | -0.05 | -0.21 | -0.24 |
| EPS Actual | -0.19 | 0.04 | -0.28 | -0.53 |
| Price Change % | 2.24% | 0.12% | 0.89% | 6.15% |
Stock Performance
Shares of TORM were trading at $7.86 as of February 28. Over the last 52-week period, shares are down 9.31%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
If you want to track all upcoming earnings announcements, check out our Earnings Calendar here
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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