Why Trane Technologies (TT) Could Beat Earnings Estimates Again

Core Viewpoint - Trane Technologies (TT) is positioned well to continue its trend of beating earnings estimates, supported by a solid history of performance and positive earnings expectations [1][5]. Earnings Performance - In the most recent quarter, Trane Technologies reported earnings of $3.88 per share, exceeding the expected $3.80 per share, resulting in a surprise of 2.11% [2]. - For the previous quarter, the company also surpassed expectations, reporting $3.88 per share against a consensus estimate of $3.76 per share, achieving a surprise of 3.19% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Trane Technologies, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [5][8]. - The current Earnings ESP for Trane Technologies is +0.54%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [8]. Zacks Rank and Success Rate - The stock holds a Zacks Rank of 3 (Hold), which, when combined with a positive Earnings ESP, indicates a high likelihood of beating consensus estimates, with a success rate of nearly 70% for stocks with this combination [6][8].