TCN Company Profile and Key Details

The latest quarter delivered EPS of $0.11. The next quarter is forecast at $0.15. Next year's EPS is expected at $9.09. Tricon Residential Inc. earnings surprise history is a mixed track record. The quarter that ended March 06, 2024, missed forecasts by -21.43%. The prior quarter beat by -200.0%. Over the last six quarters, Apple has recorded several small beats. These include -45.0% in March 06, 2023.

TCN has shown mixed momentum, gaining 2.09% over the past week and 1.99% over the past quarter, though year-to-date performance is up 23.63%. Short-term trend indicators are mixed aligned (SMA20 1.16%, SMA50 1.09%, SMA200 22.16%). The stock’s 14-day RSI is 65.91 (firm momentum), while the ATR of 0.1 points to tighter daily ranges. The stock remains hovering near 52-week lows, trading 0.0% below its high and over 72.41% above its low.

Our AI price prediction model suggests that Tricon Residential Inc. stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected increase of 3.11%, with price expected at $11.60 by May 15, 2024, within a range of $11.47 to $11.72 3-Month Outlook: Projected rise of 23.38%, reaching $13.88 by July 30, 2024, with a range of $13.63 to $14.11. 1-Year Outlook: Projected gain of 150.13%, with price at $28.14 by May 01, 2025, within a range of $21.14 to $38.75.

Tricon Residential Inc. (NYSE:TCN) shares are up 23.63% year-to-date currently trading near 52-week highs band. Short-term momentum has been positive over the last quarter, despite recent volatility. Valuation shows Tricon Residential Inc. trading at a premium to the broader market with a P/E of 25.27. Analyst sentiment is cautious, with the majority of ratings in Equal-Weight territory and a mean price target of $11.55, suggesting 2.67% upside. Our AI forecast model points to short-term strength (3.11% over two weeks), a medium-term rise (23.38% over three months), and a longer-term gain (150.13% over one year), with expected trading ranges indicating moderate volatility.

Tricon Residential Inc. last paid a dividend of 0.23 per share, this equals a trailing yield of roughly 2.07%. Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $0.00.

Tricon Residential Inc. trades at a P/E ratio of 25.27, slightly below the S&P 500 average, with a price-to-sales ratio of 3.54 and a price-to-book ratio of 0.8 suggesting the stock is closer to book value. The P/FCF stands at 32.89, also above market averages.

Tricon Residential Inc. (NYSE:TCN) closed at $11.25 USD, gaining $0.02 (0.18%) from the previous close of $11.23. The stock is currently trading near its 52-week high $6.53 and $11.25. With a market capitalization of about $3.07 billion, Tricon Residential Inc. is classified as a mid-cap and shows higher-than-market volatility (beta ~1.47). Key stats such as the average daily volume over the past year has been around 7.17 million shares, trading with heavier-than-usual volume. Headquartered in Toronto, ON, Tricon Residential Inc. operates in the Real Estate sector and the Real Estate - Services industry. Led by CEO Gary Berman, the company employs approximately 978 people and listed since September 28, 2021. Founded in 1988, Tricon is a rental housing company focused on serving the middle-market demographic.