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Trane Technologies (TT) Declines More Than Market: Some Information for Investors
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Trane Technologies (TT - Free Report) closed at $436.36 in the latest trading session, marking a -1.95% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.57%. Elsewhere, the Dow lost 1.61%, while the tech-heavy Nasdaq lost 0.26%.
The manufacturer's shares have seen an increase of 0.87% over the last month, surpassing the Business Services sector's gain of 0.32% and the S&P 500's loss of 0.15%.
The investment community will be closely monitoring the performance of Trane Technologies in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $2.56, reflecting a 4.49% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $4.93 billion, reflecting a 5.07% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $14.75 per share and a revenue of $23.13 billion, indicating changes of +12.94% and +8.46%, respectively, from the former year.
Any recent changes to analyst estimates for Trane Technologies should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.02% fall in the Zacks Consensus EPS estimate. Right now, Trane Technologies possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Trane Technologies is currently being traded at a Forward P/E ratio of 30.18. This denotes a premium relative to the industry average Forward P/E of 15.45.
One should further note that TT currently holds a PEG ratio of 2.35. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Technology Services industry had an average PEG ratio of 1.36 as trading concluded yesterday.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Trane Technologies (TT) Declines More Than Market: Some Information for Investors
Trane Technologies (TT - Free Report) closed at $436.36 in the latest trading session, marking a -1.95% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.57%. Elsewhere, the Dow lost 1.61%, while the tech-heavy Nasdaq lost 0.26%.
The manufacturer's shares have seen an increase of 0.87% over the last month, surpassing the Business Services sector's gain of 0.32% and the S&P 500's loss of 0.15%.
The investment community will be closely monitoring the performance of Trane Technologies in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $2.56, reflecting a 4.49% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $4.93 billion, reflecting a 5.07% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $14.75 per share and a revenue of $23.13 billion, indicating changes of +12.94% and +8.46%, respectively, from the former year.
Any recent changes to analyst estimates for Trane Technologies should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.02% fall in the Zacks Consensus EPS estimate. Right now, Trane Technologies possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Trane Technologies is currently being traded at a Forward P/E ratio of 30.18. This denotes a premium relative to the industry average Forward P/E of 15.45.
One should further note that TT currently holds a PEG ratio of 2.35. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Technology Services industry had an average PEG ratio of 1.36 as trading concluded yesterday.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.