![]() Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Truist Financial Corporation: mixed. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Truist Financial Corporation has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? What's Next for Truist Financial Corporation? Truist Financial Corporation shares have lost about 17.3% since the beginning of the year versus the S&P 500's gain of 18.9%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. ![]() The company has topped consensus revenue estimates two times over the last four quarters. This compares to year-ago revenues of $5.66 billion. Truist Financial Corporation, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $5.92 billion for the quarter ended June 2023, missing the Zacks Consensus Estimate by 0.37%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. A quarter ago, it was expected that this company would post earnings of $1.13 per share when it actually produced earnings of $1.09, delivering a surprise of -3.54%. This quarterly report represents an earnings surprise of -3.06%. ![]() These figures are adjusted for non-recurring items. ![]() This compares to earnings of $1.20 per share a year ago. Truist Financial Corporation ( TFC Quick Quote TFC - Free Report) came out with quarterly earnings of $0.95 per share, missing the Zacks Consensus Estimate of $0.98 per share. ![]()
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