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Triton International (TRTN) Gains As Market Dips: What You Should Know

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Triton International (TRTN - Free Report) closed the most recent trading day at $70.18, moving +0.46% from the previous trading session. This change outpaced the S&P 500's 1.57% loss on the day. Meanwhile, the Dow lost 1.56%, and the Nasdaq, a tech-heavy index, added 0.1%.

Heading into today, shares of the shipping container leasing company had gained 5.48% over the past month, lagging the Transportation sector's gain of 6.72% and outpacing the S&P 500's gain of 5.37% in that time.

Investors will be hoping for strength from Triton International as it approaches its next earnings release. 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.

TRTN's full-year Zacks Consensus Estimates are calling for earnings of $10.66 per share and revenue of $1.71 billion. These results would represent year-over-year changes of +16.38% and +11.78%, respectively.

It is also important to note the recent changes to analyst estimates for Triton International. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Triton International currently has a Zacks Rank of #2 (Buy).

Valuation is also important, so investors should note that Triton International has a Forward P/E ratio of 6.56 right now. Its industry sports an average Forward P/E of 13.09, so we one might conclude that Triton International is trading at a discount comparatively.

Investors should also note that TRTN has a PEG ratio of 0.66 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Transportation - Equipment and Leasing stocks are, on average, holding a PEG ratio of 1.24 based on yesterday's closing prices.

The Transportation - Equipment and Leasing industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 22, which puts it in the top 9% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

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