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The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all the past four quarters, delivering an earnings surprise of 6.7%, on average.
The consensus estimate for Trane’s revenues in the to-be-reported quarter is pegged at $4.62 billion, indicating 10.4% growth from the year-ago quarter’s reported figure. The top line is expected to have benefited from increased customer demand in the Americas, Asia Pacific, and Europe, Middle East and Africa (EMEA) segments.
We expect Americas’ revenues to come at $3.71 billion, 9.5% higher than the year-ago actual figure. Our estimate for revenues from EMEA stands at $579 million, indicating 11% year-over-year growth. Asia Pacific revenues are expected to be $324.8 million, up 15% from the year-ago actual figure.
The consensus mark for TT's EPS in the to-be-reported quarter stands at $2.55 per share, indicating 18.1% year-over-year growth. The bottom line is likely to have benefited from operating strength.
What Our Model Says
Our proven Zacks model predicts a likely earnings beat for Trane this season. 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.
Here are a few other stocks from the broader Business Services sector, which, according to our model, also have the right combination of elements to beat on earnings this season.
Aptiv (APTV - Free Report) currently has an Earnings ESP of +4.37% and a Zacks Rank of 3. The company is scheduled to release its second-quarter earnings on Aug 3.
The Zacks Consensus Estimate for the bottom line is pegged at $1.03 per share, up more than 100% from the year-ago figure. The consensus mark for revenues is pegged at $4.72 billion, up 16.5% from the figure reported a year ago. APTV had an average negative surprise of 8.1% in the previous four quarters.
SoFi Technologies (SOFI - Free Report) currently has an Earnings ESP of +2.37% and a Zacks Rank of 3. The company is slated to declare its second-quarter results on Jul 31.
The Zacks Consensus Estimate for the bottom line is pegged at a loss of 7 cents per share. In the previous-year quarter, the company reported a loss of 12 cents per share. The consensus mark for revenues is pegged at $474.6 million, up 30.9% from the prior-year reported figure. SOFI had an average surprise of 23% in the previous four quarters.
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Trane Technologies (TT) to Post Q2 Earnings: What's in Store?
Trane Technologies plc (TT - Free Report) is set to report its second-quarter 2023 earnings on Aug 2, 2023, before the bell.
The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all the past four quarters, delivering an earnings surprise of 6.7%, on average.
Trane Technologies plc Price and EPS Surprise
Trane Technologies plc price-eps-surprise | Trane Technologies plc Quote
Expectations This Time Around
The consensus estimate for Trane’s revenues in the to-be-reported quarter is pegged at $4.62 billion, indicating 10.4% growth from the year-ago quarter’s reported figure. The top line is expected to have benefited from increased customer demand in the Americas, Asia Pacific, and Europe, Middle East and Africa (EMEA) segments.
We expect Americas’ revenues to come at $3.71 billion, 9.5% higher than the year-ago actual figure. Our estimate for revenues from EMEA stands at $579 million, indicating 11% year-over-year growth. Asia Pacific revenues are expected to be $324.8 million, up 15% from the year-ago actual figure.
The consensus mark for TT's EPS in the to-be-reported quarter stands at $2.55 per share, indicating 18.1% year-over-year growth. The bottom line is likely to have benefited from operating strength.
What Our Model Says
Our proven Zacks model predicts a likely earnings beat for Trane this season. 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 +1.20% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks That Warrant a Look
Here are a few other stocks from the broader Business Services sector, which, according to our model, also have the right combination of elements to beat on earnings this season.
Aptiv (APTV - Free Report) currently has an Earnings ESP of +4.37% and a Zacks Rank of 3. The company is scheduled to release its second-quarter earnings on Aug 3.
The Zacks Consensus Estimate for the bottom line is pegged at $1.03 per share, up more than 100% from the year-ago figure. The consensus mark for revenues is pegged at $4.72 billion, up 16.5% from the figure reported a year ago. APTV had an average negative surprise of 8.1% in the previous four quarters.
SoFi Technologies (SOFI - Free Report) currently has an Earnings ESP of +2.37% and a Zacks Rank of 3. The company is slated to declare its second-quarter results on Jul 31.
The Zacks Consensus Estimate for the bottom line is pegged at a loss of 7 cents per share. In the previous-year quarter, the company reported a loss of 12 cents per share. The consensus mark for revenues is pegged at $474.6 million, up 30.9% from the prior-year reported figure. SOFI had an average surprise of 23% in the previous four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.