Trinseo PLC reports results for the quarter ended June 30 - Earnings Summary

• Trinseo PLC TSE.N reported a quarterly adjusted loss of $2.12​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $-1.46. The mean expectation of four analysts for the quarter was for a loss of $1.49 per share. Wall Street expected results to range from $-1.64 to $-1.40 per share.

• Revenue fell 14.7% to $784.30 million from a year ago; analysts expected $839.75 million.

• Trinseo PLC's reported EPS for the quarter was a loss of $2.95​.

• The company reported a quarterly loss of $105.5 million.

• Trinseo PLC shares had fallen by 13.1% this quarter and lost 46.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commodity chemicals peer group is "buy."

• Wall Street's median 12-month price target for Trinseo PLC is $3.25, about 21.5% above its last closing price of $2.55

This summary was machine generated from LSEG data August 7 at 01:32 a.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)