Trane Technologies(US:TT) ZACKS·2024-10-08 17:01Company Overview - Trane Technologies (TT) currently holds a Momentum Style Score of B, indicating a positive outlook based on its price change and earnings estimate revisions [2][3] - The company has a Zacks Rank of 2 (Buy), which suggests strong potential for outperformance in the market [3] Price Performance - Over the past week, TT shares increased by 1.15%, while the Zacks Technology Services industry experienced a decline of 0.3% [5] - In a longer time frame, TT's monthly price change is 13.04%, significantly outperforming the industry's 1.96% [5] - Over the last quarter, TT shares have risen by 14.47%, and they have gained 91.05% over the past year, compared to the S&P 500's increases of 2.69% and 33.98%, respectively [6] Trading Volume - The average 20-day trading volume for TT is 996,454 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the past two months, three earnings estimates for TT have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $10.76 to $10.88 [9] - For the next fiscal year, three estimates have also moved upwards without any downward revisions [9] Conclusion - Considering the positive price momentum, strong earnings outlook, and favorable trading volume, TT is positioned as a solid momentum pick with a 2 (Buy) rating and a Momentum Score of B [9]