Why Trane Technologies (TT) is Poised to Beat Earnings Estimates Again [Yahoo! Finance]
Trane Technologies plc (TT)
Company Research
Source: Yahoo! Finance
It is worth considering Trane Technologies (TT), which belongs to the Zacks Technology Services industry. This manufacturer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 3.38%. For the most recent quarter, Trane Technologies was expected to post earnings of $2.13 per share, but it reported $2.17 per share instead, representing a surprise of 1.88%. For the previous quarter, the consensus estimate was $2.66 per share, while it actually produced $2.79 per share, a surprise of 4.89%. With this earnings history in mind, recent estimates have been moving higher for Trane Technologies. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnin
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TT
News
- Trane Technologies plc (NYSE: TT) had its price target raised by analysts at JPMorgan Chase & Co. from $247.00 to $300.00. They now have a "neutral" rating on the stock.MarketBeat
- Trane Technologies plc (NYSE: TT) had its price target raised by analysts at Wells Fargo & Company from $281.00 to $295.00. They now have an "underweight" rating on the stock.MarketBeat
- Trane Technologies to Present at the Bank of America Transportation, Airlines, and Industrials ConferenceBusiness Wire
- Trane Technologies plc (NYSE: TT) had its price target raised by analysts at TD Cowen from $325.00 to $360.00. They now have a "buy" rating on the stock.MarketBeat
- Trane Technologies plc (NYSE: TT) had its price target raised by analysts at Citigroup Inc. from $355.00 to $366.00. They now have a "buy" rating on the stock.MarketBeat
TT
Earnings
- 4/30/24 - Beat
TT
Sec Filings
- 4/30/24 - Form S-3ASR
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- TT's page on the SEC website