Trane Technologies (TT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Company Overview - Trane Technologies is expected to report quarterly earnings of $2.54 per share, reflecting a year-over-year increase of +17.1$4.76 billion, which is a 7.6% increase from the same quarter last year [3] - The Most Accurate Estimate for Trane Technologies is higher than the Zacks Consensus Estimate, indicating a bullish outlook from analysts [10] Earnings Expectations - The consensus EPS estimate has been revised 2.4% lower over the last 30 days, suggesting a reassessment of earnings expectations by analysts [4] - Trane Technologies has an Earnings ESP of +0.81%, which suggests a likelihood of beating the consensus EPS estimate [11] - The company has a Zacks Rank of 3, indicating a hold position, which combined with the positive Earnings ESP suggests a potential earnings beat [11] Historical Performance - In the last reported quarter, Trane Technologies exceeded the expected earnings of $3.23 per share by delivering$3.37, resulting in a surprise of +4.33% [12] - The company has successfully beaten consensus EPS estimates in each of the last four quarters [13] Industry Context - In the Zacks Building Products - Air Conditioner and Heating industry, Lennox International is also expected to report earnings of $4.22 per share, reflecting a year-over-year change of +16.3$1.23 billion, up 6.9% from the previous year [17] - Lennox has an Earnings ESP of 2.74% and has beaten consensus EPS estimates in the last four quarters, similar to Trane Technologies [18]