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Trane Technologies (TT) Suffers a Larger Drop Than the General Market: Key Insights
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Trane Technologies (TT - Free Report) ended the recent trading session at $426.01, demonstrating a -3.73% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.48% for the day. Meanwhile, the Dow experienced a drop of 0.29%, and the technology-dominated Nasdaq saw a decrease of 0.56%.
The stock of manufacturer has fallen by 7.85% in the past month, lagging the Business Services sector's loss of 2.87% and the S&P 500's loss of 0.82%.
Analysts and investors alike will be keeping a close eye on the performance of Trane Technologies in its upcoming earnings disclosure. The company is expected to report EPS of $4.74, up 22.16% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $6.39 billion, showing a 11.32% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.31 per share and a revenue of $23.65 billion, indicating changes of +17.23% and +10.9%, respectively, from the former year.
Any recent changes to analyst estimates for Trane Technologies should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.01% downward. Trane Technologies is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Trane Technologies is currently exchanging hands at a Forward P/E ratio of 28.91. For comparison, its industry has an average Forward P/E of 17.75, which means Trane Technologies is trading at a premium to the group.
It is also worth noting that TT currently has a PEG ratio of 2.11. 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. The Technology Services was holding an average PEG ratio of 1.26 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 162, positioning it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Trane Technologies (TT) Suffers a Larger Drop Than the General Market: Key Insights
Trane Technologies (TT - Free Report) ended the recent trading session at $426.01, demonstrating a -3.73% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.48% for the day. Meanwhile, the Dow experienced a drop of 0.29%, and the technology-dominated Nasdaq saw a decrease of 0.56%.
The stock of manufacturer has fallen by 7.85% in the past month, lagging the Business Services sector's loss of 2.87% and the S&P 500's loss of 0.82%.
Analysts and investors alike will be keeping a close eye on the performance of Trane Technologies in its upcoming earnings disclosure. The company is expected to report EPS of $4.74, up 22.16% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $6.39 billion, showing a 11.32% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.31 per share and a revenue of $23.65 billion, indicating changes of +17.23% and +10.9%, respectively, from the former year.
Any recent changes to analyst estimates for Trane Technologies should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.01% downward. Trane Technologies is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Trane Technologies is currently exchanging hands at a Forward P/E ratio of 28.91. For comparison, its industry has an average Forward P/E of 17.75, which means Trane Technologies is trading at a premium to the group.
It is also worth noting that TT currently has a PEG ratio of 2.11. 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. The Technology Services was holding an average PEG ratio of 1.26 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 162, positioning it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.