Trane Technologies (TT) Stock Drops Despite Market Gains: Important Facts to Note

Company Performance - Trane Technologies (TT) closed at $409.41, down 1.33% from the previous trading session, underperforming the S&P 500's gain of 0.27% [1] - The stock has decreased by 3.07% over the last month, while the Construction sector gained 4.79% and the S&P 500 gained 1.85% [1] Upcoming Earnings - Analysts expect Trane Technologies to report earnings of $3.82 per share, reflecting a year-over-year growth of 13.35% [2] - The revenue forecast is $5.84 billion, indicating a 7.25% increase compared to the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $13.05 per share, with revenue expected to reach $21.55 billion, representing increases of 16.31% and 8.65% respectively [3] Analyst Estimates - Recent changes to analyst estimates suggest a shifting business landscape, with positive revisions indicating confidence in performance and profit potential [4] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Trane Technologies at 3 (Hold) [6] - Over the last 30 days, the Zacks Consensus EPS estimate has decreased by 0.07% [6] Valuation Metrics - Trane Technologies has a Forward P/E ratio of 31.79, which is higher than the industry average of 30.72 [7] - The company holds a PEG ratio of 2.59, compared to the industry average PEG ratio of 1.87 [8] Industry Context - The Building Products - Air Conditioner and Heating industry, part of the Construction sector, has a Zacks Industry Rank of 64, placing it in the top 26% of over 250 industries [9]