Trustmark Corp (NASDAQ: TRMK) has reported E.P.S. of $-1.64 for its second fiscal quarter (ending June 30) versus $0.74 for the same period a year ago — a decline of -322%. Relative to the consensus estimate of $0.62, this was a shortfall of $-2.26. For the latest four quarters through June 30, E.P.S. were $0.13 compared to $1.69 a year ago — a decline of -92%.
Recent Price Action
On 7/23/24, Trustmark Corp (NASDAQ: TRMK) stock rose modestly by 1.0%, closing at $34.44. Moreover, unusually high trading volume at 159% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TRMK is expected to continue to be a modest Value Builder.
Trustmark has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Trustmark has a good Appreciation Score of 77 and a good Power Rating of 80, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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