In its upcoming report, Trane Technologies (TT) is predicted by Wall Street analysts to post quarterly earnings of $3.23 per share, reflecting an increase of 15.8% compared to the same period last year. Revenues are forecasted to be $5.31 billion, representing a year-over-year increase of 8.8%. The current level reflects an upward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their ini ...

Trane Technologies plc (TT) is a technology services provider that has performed extremely well over the past year and is poised to sustain momentum in the near term. Consequently, if you haven't taken advantage of the share price appreciation yet, it's time you add the stock to your portfolio. What Makes TT an Attractive Pick? An Outperformer: A glimpse at the company's price trend reveals that the stock has had an impressive run over the year. Shares of Trane Technologies have returned 94.6% compared with ...

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Company Performance - Trane Technologies' shares have increased by 14.6% over the past month and reached a new 52-week high of $398, with a year-to-date gain of 62.6% compared to 14.6% for the Zacks Business Services sector and 30.6% for the Zacks Technology Services industry [1] - The company has consistently exceeded earnings expectations, reporting EPS of $3.3 against a consensus estimate of $3.08 in its last earnings report on July 31, 2024 [2] Financial Projections - For the current fiscal year, Trane Technologies is projected to achieve earnings of $10.88 per share on revenues of $19.55 billion, reflecting a 20.35% increase in EPS and a 10.61% increase in revenues [3] - The next fiscal year is expected to see earnings of $12.30 per share on revenues of $20.95 billion, indicating year-over-year changes of 13.02% in EPS and 7.13% in revenues [3] Valuation Metrics - The stock trades at a valuation of 36.5X current fiscal year EPS estimates, which is higher than the peer industry average of 24.3X, and at 37.1X on a trailing cash flow basis compared to the peer group's average of 12.5X [7] - Trane Technologies has a PEG ratio of 2.73, which does not place it among the top echelon of stocks from a value perspective [7] Zacks Rank - Trane Technologies holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, which is favorable for investors [8] - The company meets the criteria for selection based on Zacks Rank and Style Scores, suggesting potential for further share price appreciation in the near term [9] Industry Comparison - The Technology Services industry is positioned in the top 33% of all industries, indicating favorable conditions for both Trane Technologies and its peer, Cellebrite DI Ltd. [12] - Cellebrite DI Ltd. has a Zacks Rank of 2 (Buy) and has shown strong earnings performance, with a projected EPS of $0.41 on revenues of $395.67 million for the current fiscal year [10][11]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Have you been paying attention to shares of Trane Technologies (TT) ? Shares have been on the move with the stock up 6.3% over the past month. The stock hit a new 52-week high of $370.22 in the previous session. Trane Technologies has gained 51.3% since the start of the year compared to the 14.2% move for the Zacks Business Services sector and the 24.3% return for the Zacks Technology Services industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as ...

Trane Technologies (TT) closed the latest trading day at $359.67, indicating a +1.51% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.75%. Elsewhere, the Dow saw an upswing of 0.58%, while the tech-heavy Nasdaq appreciated by 1%. The manufacturer's stock has climbed by 2.48% in the past month, falling short of the Business Services sector's gain of 5.97% and the S&P 500's gain of 4.03%. The upcoming earnings release of Trane Technologies will be of grea ...

Trane Technologies (TT) has performed well over the past year and has the potential to sustain momentum in the near term. Hence, if you have not taken advantage of the share price appreciation yet, it is time for you to add the stock to your portfolio. What Makes TT an Attractive Pick? An Outperformer: A glimpse at the company's price trend reveals that the stock has had an impressive run over the year. Shares of Trane Technologies have surged 67.9% compared with the 45.3% rally of the industry it belongs t ...

LukaTDB Since I presented my 'Strong Buy' thesis on Trane Technologies (NYSE:TT) in March 2024, the stock price has surged by more than 14%, significantly outperforming the S&P 500 index (SPX). I highlighted Trane's strong commercial HVAC growth driven by energy efficiency. The company released its Q2 result on July 31st with 19% growth in orders and 13% growth in revenue. As I think the economy is more likely to enter an interest rate downcycle in FY25, I argue Trane Technologies' new residential business ...

It has been about a month since the last earnings report for Trane Technologies (TT) . Shares have added about 6.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Trane Technologies due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Trane Technologies Q2 Earnings B ...