Trane Technologies (TT) closed lower than the market, but positive outlook on earnings

From Nasdaq: 2024-06-14 18:15:11

In the latest trading session, Trane Technologies (TT) closed at $329.64, down 1.18% from the previous day, outperforming the S&P 500. Over the last month, TT shares have risen by 2.73%, exceeding the sector’s loss but falling behind the S&P 500 gain.

Investors anticipate TT will report earnings of $3.06, up 14.18% from the previous year, with projected revenue of $5.1 billion, an 8.49% increase. Full-year estimates predict earnings of $10.46 per share and revenue of $19.14 billion, reflecting positive analyst sentiment and a potentially favorable outlook.

Trane Technologies currently holds a Zacks Rank of #3 (Hold) and has a Forward P/E ratio of 31.89, along with a PEG ratio of 2.65. The industry rank for Technology Services is 68 out of over 250, indicating favorable standing compared to its peers. Investors should monitor these metrics closely for potential insights.

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