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Trane Technologies (TT) to Post Q3 Earnings: What's in Store?

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Trane Technologies plc (TT - Free Report) will report its third-quarter 2022 earnings on Nov 2,  before the bell.

The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the past four quarters and missing once, delivering an earnings surprise of 3.9%, on average.

Expectations This Time Around

The consensus estimate for Trane’s revenues in the to-be-reported quarter is pegged at $4.16 billion, indicating 11.8% growth from the year-ago quarter’s reported figure. The top line is expected to have benefited from increased customer demand in the Americas, and Europe, Middle East and Africa segments.

The consensus mark for TT's EPS in the to-be-reported quarter stands at $2.12 per share, indicating 17.8% year-over-year growth. The bottom line is likely to have benefited from operating strength.

What Our Model Says

Our proven model predicts an earnings beat for Trane this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Trane has an Earnings ESP of +2.09% and a Zacks Rank #3.

You can see the complete list of today’s Zacks #1 Rank stocks here.

Trane Technologies plc Price and EPS Surprise

 

Other Stocks That Warrant a Look

Here are some other stocks that investors may consider, as our model shows that these, too, have the right combination of elements to beat on earnings this season:

H&R Block (HRB - Free Report) has an Earnings ESP of +2.42% and a Zacks Rank #3.

H&R Block has an expected earnings growth rate of 8.6% for the current year. HRB has a trailing four-quarter earnings surprise of 19.2% on average.

Riot Blockchain (RIOT - Free Report)  has an Earnings ESP of +129.17% and a Zacks Rank #3.

Riot has an expected revenue growth rate of 41.2% for the current year and 69.1% for the next year.  

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.


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