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Unveiling Trane Technologies (TT) Q2 Outlook: Wall Street Estimates for Key Metrics
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Wall Street analysts expect Trane Technologies (TT - Free Report) to post quarterly earnings of $3.76 per share in its upcoming report, which indicates a year-over-year increase of 13.9%. Revenues are expected to be $5.76 billion, up 8.6% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Trane Technologies metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenues- Americas' of $4.72 billion. The estimate indicates a change of +10.1% from the prior-year quarter.
It is projected by analysts that the 'Revenues- EMEA' will reach $677.48 million. The estimate suggests a change of +5% year over year.
According to the collective judgment of analysts, 'Revenues- Asia Pacific' should come in at $355.27 million. The estimate suggests a change of -4.3% year over year.
Analysts' assessment points toward 'Total Bookings' reaching $5.65 billion. The estimate is in contrast to the year-ago figure of $5.34 billion.
The consensus among analysts is that 'Adjusted EBITDA- Americas' will reach $962.58 million. The estimate is in contrast to the year-ago figure of $978.20 million.
The combined assessment of analysts suggests that 'Adjusted EBITDA- EMEA' will likely reach $146.47 million. Compared to the current estimate, the company reported $131.00 million in the same quarter of the previous year.
The consensus estimate for 'Adjusted EBITDA- Asia Pacific' stands at $91.78 million. The estimate compares to the year-ago value of $94.80 million.
Over the past month, shares of Trane Technologies have returned +7.6% versus the Zacks S&P 500 composite's +4.6% change. Currently, TT carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unveiling Trane Technologies (TT) Q2 Outlook: Wall Street Estimates for Key Metrics
Wall Street analysts expect Trane Technologies (TT - Free Report) to post quarterly earnings of $3.76 per share in its upcoming report, which indicates a year-over-year increase of 13.9%. Revenues are expected to be $5.76 billion, up 8.6% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Trane Technologies metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenues- Americas' of $4.72 billion. The estimate indicates a change of +10.1% from the prior-year quarter.
It is projected by analysts that the 'Revenues- EMEA' will reach $677.48 million. The estimate suggests a change of +5% year over year.
According to the collective judgment of analysts, 'Revenues- Asia Pacific' should come in at $355.27 million. The estimate suggests a change of -4.3% year over year.
Analysts' assessment points toward 'Total Bookings' reaching $5.65 billion. The estimate is in contrast to the year-ago figure of $5.34 billion.
The consensus among analysts is that 'Adjusted EBITDA- Americas' will reach $962.58 million. The estimate is in contrast to the year-ago figure of $978.20 million.
The combined assessment of analysts suggests that 'Adjusted EBITDA- EMEA' will likely reach $146.47 million. Compared to the current estimate, the company reported $131.00 million in the same quarter of the previous year.
The consensus estimate for 'Adjusted EBITDA- Asia Pacific' stands at $91.78 million. The estimate compares to the year-ago value of $94.80 million.
View all Key Company Metrics for Trane Technologies here>>>Over the past month, shares of Trane Technologies have returned +7.6% versus the Zacks S&P 500 composite's +4.6% change. Currently, TT carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .