Trinity Biotech TRIB is set to give its latest quarterly earnings report on Thursday, 2023-07-06. Here’s what investors need to know before the announcement.
Analysts estimate that Trinity Biotech will report an earnings per share (EPS) of $-0.06.
Trinity Biotech bulls will hope to hear the company 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).
Here’s a look at Trinity Biotech’s past performance and the resulting price change:
|Quarter||Q4 2022||Q3 2022||Q2 2022||Q1 2022|
|Price Change %||1.62%||-3.42%||3.33%||7.76%|
Shares of Trinity Biotech were trading at $0.975 as of July 04. Over the last 52-week period, shares are down 29.1%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.