Will Trane Technologies (TT) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Trane Technologies is positioned to continue its earnings-beat streak, having surpassed earnings estimates by an average of 10.09% in the last two quarters [1][2] Earnings Performance - For the most recent quarter, Trane Technologies reported earnings of $1.94 per share, exceeding the expected $1.64 per share by 18.29% [2] - In the previous quarter, the company reported $2.17 per share against an estimate of $2.13 per share, resulting in a surprise of 1.88% [2] Earnings Estimates and Predictions - Recent estimates for Trane Technologies have been revised upward, with a positive Earnings ESP of +1.19%, indicating bullish sentiment among analysts regarding its near-term earnings potential [3][6] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [6] Statistical Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4] - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5]