How did TRNO's Q4 2024 earnings surprise investors?


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Terreno Realty Corporation (TRNO) experienced a notable discrepancy between its actual earnings and the expectations of analysts, resulting in a significant earnings surprise. Here's a detailed analysis:
- Earnings Per Share (EPS) and Revenue: TRNO reported an EPS of $103.71 million for Q4 2024, which is a substantial figure, but it is not directly comparable to the EPS surprise as it is not provided in the surprise context1. However, the Total Revenue for the same period was $103.71 million, which might lead to confusion regarding the EPS if not clearly distinguished in the reporting1.
- EPS and Revenue Surprise: The EPS surprise for TRNO in Q4 2024 was $0, and the revenue surprise was $5.51 million2. This indicates that while there was no surprise in the EPS, the revenue exceeded expectations, contributing to a positive surprise overall.
- Analyst Expectations: The consensus among analysts prior to the earnings release was a "Neutral" rating with price targets ranging from $60 to $783. This suggests that while the stock was not expected to perform exceptionally well, the positive revenue surprise could have still contributed to investor optimism.
- Investor Reaction: The market's reaction to the earnings report is not directly detailed, but the fact that TRNO's stock price increased by 1.19% to $54.6 following the report suggests that investors may have reacted positively to the revenue surprise, despite the lack of EPS surprise1.
In conclusion, Terreno Realty Corporation's Q4 2024 earnings report resulted in a mixed surprise, with no EPS surprise but a positive revenue surprise. This could have contributed to the stock price's slight increase, indicating that investors may have been pleased with the company's revenue performance despite the lack of EPS surprise.
Source:
1.
TRNO EPS, Revenue in Fiscal 2024Q4
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