Trinity Capital Inc reports results for the quarter ended June 30 - Earnings Summary

• Trinity Capital Inc TRIN.OQ reported quarterly adjusted earnings of 53 cents​​ per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of eight analysts for the quarter was for earnings of 52 cents per share. Wall Street expected results to range from 51 cents to 53 cents per share.

• Revenue rose 27.2% to $69.48 million from a year ago; analysts expected $69.10 million.

• Trinity Capital Inc's reported EPS for the quarter was 63 cents​.

• The company reported quarterly net income of $41.41 million.

• Trinity Capital Inc shares had risen by 7.5% this quarter and gained 4.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is also "buy"

• Wall Street's median 12-month price target for Trinity Capital Inc is $16.75, about 9.7% above its last closing price of $15.12

This summary was machine generated from LSEG data August 6 at 01:53 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)