Trane Technologies (TT) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Trane Technologies reported revenue of $5.44 billion for the quarter ended September 2024, reflecting an 11.4% increase year-over-year and a 2.44% surprise over the Zacks Consensus Estimate of $5.31 billion [1] - The company's EPS for the quarter was $3.37, up from $2.79 in the same quarter last year, surpassing the consensus estimate of $3.23 by 4.33% [1] Revenue Performance - Total bookings for Trane Technologies were $5.21 billion, which fell short of the average estimate of $5.52 billion from two analysts [3] - Revenue from the Americas reached $4.47 billion, exceeding the average estimate of $4.30 billion from five analysts, representing a year-over-year increase of 15.1% [3] - Revenue from EMEA was $667.80 million, slightly above the estimated $654.92 million, marking an 8% increase compared to the previous year [3] - Revenue from the Asia Pacific region was $298.50 million, significantly below the average estimate of $360.03 million, indicating a year-over-year decline of 20.7% [3] Stock Performance - Over the past month, shares of Trane Technologies have returned +1%, compared to a +1.8% change in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [4]