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Triton International (TRTN) Gains But Lags Market: What You Should Know

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In the latest trading session, Triton International (TRTN - Free Report) closed at $66.54, marking a +0.05% move from the previous day. This move lagged the S&P 500's daily gain of 1.17%. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 0.18%.

Prior to today's trading, shares of the shipping container leasing company had gained 1.29% over the past month. This has lagged the Transportation sector's gain of 2.14% and outpaced the S&P 500's gain of 0.88% in that time.

Wall Street will be looking for positivity from Triton International as it approaches its next earnings report date. The company is expected to report EPS of $2.63, up 37.7% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $416.93 million, up 20.24% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $10.66 per share and revenue of $1.71 billion, which would represent changes of +16.38% and +11.78%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Triton International. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Triton International is currently sporting a Zacks Rank of #2 (Buy).

Valuation is also important, so investors should note that Triton International has a Forward P/E ratio of 6.24 right now. This valuation marks a discount compared to its industry's average Forward P/E of 12.99.

Meanwhile, TRTN's PEG ratio is currently 0.62. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Transportation - Equipment and Leasing industry currently had an average PEG ratio of 1.18 as of yesterday's close.

The Transportation - Equipment and Leasing industry is part of the Transportation sector. This group has a Zacks Industry Rank of 47, putting it in the top 19% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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