TRICON RESIDENTIAL INC (TCN) Forecast, Price Target & Analyst Ratings

NYSE:TCN • CA89612W1023

11.25 USD

+0.02 (+0.18%)

At close: May 1, 2024

11.23 USD

-0.02 (-0.18%)

After Hours: 5/1/2024, 8:25:04 PM

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for TRICON RESIDENTIAL INC (TCN).

Consensus Price Target

Price Target

$8.93

-20.62% Downside

→ Price target details

Next Earnings Forecast

Earnings Estimate

Release Date: May 7, 2024
Period: Q1 / 2024
EPS Estimate: $0.07
Revenue Estimate

→ Full earnings forecast details

ChartMill Buy Consensus

Rating

71.11%

Weighted Analyst Rating Score

→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target

$8.93

Upside

-20.62%

From current price of $11.25 to mean target of $8.93, Based on 9 analyst forecasts

Low

$7.36

Median

$8.17

High

$11.59

Price Target Revisions

1 Month

-6.56%

3 Months

2.48%

Price Target Summary

9 Wall Street analysts provided a forecast for the next 12 months for TCN. The average price target is 8.93 USD. This implies a price decrease of -20.62% is expected in the next year compared to the current price of 11.25.

The average price target has been revised upward by 2.48% in the past 3 months.

→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

Analyst Ratings History

Analyst Ratings Consensus

ChartMill Buy Consensus

71.11%

TCN was analyzed by 9 analysts. The buy percentage consensus is at 71. So analysts seem to be have mildly positive about TCN.

In the previous month the buy percentage consensus was at a similar level.

TCN was analyzed by 9 analysts. More opinions would make the average more meaningful.

→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

Date	Firm	Action	From → To
2024-02-01	Wolfe Research	Downgrade	Outperform -> Peer Perform
2024-01-22	Keefe, Bruyette & Woods	Maintains	Market Perform -> Market Perform
2024-01-22	Raymond James	Downgrade	Strong Buy -> Market Perform
2024-01-22	Citigroup	Downgrade	Buy -> Neutral
2023-09-01	Morgan Stanley	Maintains	Equal-Weight -> Equal-Weight
2023-06-30	ScotiaBank	Reiterate	Sector Outperform -> Sector Outperform
2023-06-26	Morgan Stanley	Reiterate	Equal-Weight -> Equal-Weight
2023-06-16	Citigroup	Reiterate	Buy -> Buy
2023-03-22	Mizuho	Initiate	Buy
2023-03-16	Keefe, Bruyette & Woods	Maintains	Market Perform
2023-03-14	Wolfe Research	Upgrade	Peer Perform -> Outperform
2022-12-12	Morgan Stanley	Maintains	Equal-Weight
2022-12-08	Goldman Sachs	Downgrade	Buy -> Neutral
2022-11-30	Wolfe Research	Initiate	Peer Perform
2022-11-14	RBC Capital	Maintains	Outperform
2022-10-18	Goldman Sachs	Maintains	Buy
2022-09-19	Citigroup	Upgrade	Neutral -> Buy
2022-08-25	Morgan Stanley	Maintains	Equal-Weight
2022-08-02	Raymond James	Upgrade	Outperform -> Strong Buy
2022-07-15	Morgan Stanley	Maintains	Equal-Weight
2022-05-27	Morgan Stanley	Maintains	Equal-Weight
2022-05-12	RBC Capital	Maintains	Outperform
2022-05-12	TD Securities	Upgrade	Hold -> Buy
2021-12-06	Goldman Sachs	Initiate	Buy
2021-11-01	Morgan Stanley	Initiate	Equal-Weight

Next Earnings Forecast Details

Next Earnings Details

Release Date: May 7, 2024
Period: Q1 / 2024
EPS Estimate: $0.07
Revenue Estimate: N/A
Revenue Q2Q: N/A
EPS Q2Q: -11.62%
Number of Analysts: 2

Next Earnings Revisions

Revenue (1 Month)

N/A

Revenue (3 Months)

N/A

EPS (1 Month)

0.00%

EPS (3 Months)

0.00%

Next Earnings Summary

TCN is expected to report earnings on 5/7/2024. The consensus EPS estimate for the next earnings is 0.07 USD and the consensus revenue estimate is null USD.

→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

	2021	2022	2023	2024	2025
Revenue YoY % growth	496.6M 23.81%	805.7M 62.24%	849.775M 5.47%	492.98M -41.99%	544.09M 10.37%
EBITDA YoY % growth	-8.1M -105.61%	110.9M 1,469.14%	258.823M 133.38%	331.28M 27.99%	372.79M 12.53%
EBIT YoY % growth	-20.2M -115.12%	95.3M 571.78%	241.029M 152.92%	258.46M 7.23%	289.57M 12.04%
Operating Margin	-4.07%	11.83%	28.36%	52.43%	53.22%
EPS YoY % growth	N/A 93.92%	N/A 132.29%	0.57 -74.69%	0.29 -48.61%	0.40 37.93%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

	Q1 / 24	Q2 / 24	Q3 / 24	Q4 / 24
EPS Q2Q % growth	0.07 -11.62%	0.07 -55.81%	0.08 -55.11%	0.07 -52.87%
Revenue Q2Q % growth	N/A	N/A	N/A	N/A
EBITDA Q2Q % growth	N/A	N/A	N/A	N/A
EBIT Q2Q % growth	63.832M -33.02%	63.731M 134.31%	66.256M 13.45%	64.539M -10.99%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year

N/A

EPS Next 5 Year

N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year

N/A

Revenue Next 5 Year

N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year

N/A

EBIT Next 5 Year

N/A

→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

TRICON RESIDENTIAL INC / TCN Forecast FAQ

What do analysts expect the price target to be for TRICON RESIDENTIAL INC (TCN)?

9 analysts have analysed TCN and the average price target is 8.93 USD. This implies a price decrease of -20.62% is expected in the next year compared to the current price of 11.25.

Can you provide the upcoming earnings date for TRICON RESIDENTIAL INC?

TRICON RESIDENTIAL INC (TCN) will report earnings on 2024-05-07, before the market open.

What is the consensus rating for TCN stock?

The consensus rating for TRICON RESIDENTIAL INC (TCN) is 71.1111 / 100 . This indicates that analysts generally have a positive outlook on the stock.

Analyst forecast overview

Forecast Snapshot