Truist Financial(NYSE:TFC) stock rose by 0.68% on Monday after the company reported its Q3 earnings results on Friday, October 15, 2021 at 05:45 AM.
Here’s what investors need to know about the announcement.
Earnings
Truist Financial beat their estimated earnings by 17.36%, which surprised analysts.
Revenue was up $26,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.38, which was followed by a 2.63% drop in the share price the next day.
Here’s a look at Truist Financial’s past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|---|
| EPS Estimate | 1.21 | 1.17 | 1.11 | 0.97 | 0.89 |
| EPS Actual | 1.42 | 1.55 | 1.18 | 1.18 | 0.97 |
| Price Change % | 1.15% | -2.63% | 1.08% | 0.22% | -1.09% |
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