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Analyst Estimates: Here's What Brokers Think Of Trustmark Corporation (NASDAQ:TRMK) After Its Third-Quarter Report

アナリストの見積もり:第3四半期報告後のTrustmark Corporation(NASDAQ: TRMK)について証券会社がどう考えているか

Simply Wall St ·  10/25 18:08

Shareholders might have noticed that Trustmark Corporation (NASDAQ:TRMK) filed its third-quarter result this time last week. The early response was not positive, with shares down 2.4% to US$34.46 in the past week. The result was positive overall - although revenues of US$192m were in line with what the analysts predicted, Trustmark surprised by delivering a statutory profit of US$0.84 per share, modestly greater than expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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NasdaqGS:TRMK Earnings and Revenue Growth October 25th 2024

Taking into account the latest results, the current consensus from Trustmark's six analysts is for revenues of US$782.2m in 2025. This would reflect a major 41% increase on its revenue over the past 12 months. Per-share earnings are expected to surge 447% to US$3.13. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$783.3m and earnings per share (EPS) of US$3.10 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$36.80. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Trustmark, with the most bullish analyst valuing it at US$41.00 and the most bearish at US$34.00 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Trustmark is an easy business to forecast or the the analysts are all using similar assumptions.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting Trustmark's growth to accelerate, with the forecast 32% annualised growth to the end of 2025 ranking favourably alongside historical growth of 1.1% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 6.6% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Trustmark to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at US$36.80, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Trustmark going out to 2026, and you can see them free on our platform here.

That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Trustmark , and understanding them should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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