Valued at a market cap of $92.7 billion, Trane Technologies plc (TT) is a climate-innovation and industrial manufacturing company that designs, builds, and services energy-efficient Heating, Ventilation, Air-Conditioning (HVAC) systems and transport-refrigeration solutions. The Swords, Ireland-based company, focuses on sustainable, low-carbon technologies for buildings, homes, and cold-chain logistics, aiming to reduce customer emissions. Shares of this industrial manufacturing company have lagged behind ...

Core Insights - Carillon Tower Advisers released its third-quarter 2025 investor letter for the Carillon Eagle Growth & Income Fund, highlighting the S&P 500 Index's year-to-date return of 13.7% and emphasizing the reliance on AI deployment as a key market driver [1] - The fund's top holdings include Carrier Global Corporation, which has shown a one-month return of -0.42% and a 52-week gain of 25.43% [2] - Carrier Global Corporation's stock underperformed in the third quarter due to lowered guidance in its residential HVAC segment, reflecting softer demand trends and dealer destocking [3] Company Performance - Carrier Global Corporation reported sales of $5.6 billion in the third quarter of 2025, with a market capitalization of $47.981 billion as of November 11, 2025 [4] - The company's stock closed at $56.97 per share, indicating a significant increase over the past year despite recent underperformance [2][4] - The company is not among the top 30 most popular stocks among hedge funds, with 53 hedge fund portfolios holding its shares at the end of the second quarter [4] Market Context - The current market performance is heavily influenced by growth and momentum, particularly in AI-related stocks, which poses a risk if the AI deployment narrative weakens [1] - The reset in Carrier's residential HVAC guidance has overshadowed stable results in its commercial HVAC and aftermarket segments, raising concerns about near-term earnings [3] - There is a belief that certain AI stocks may offer greater upside potential compared to Carrier Global Corporation, suggesting a shift in investment focus [4]

Core Insights - Carrier Global Corporation (CARR) is a leading provider of heating, ventilation, air conditioning, refrigeration, fire protection, security, and building automation technologies, with a market cap of $47.9 billion [1] Performance Overview - CARR shares have underperformed the broader market, declining 23.1% over the past year, while the S&P 500 Index has increased by 17.5% [2] - Year-to-date, CARR stock is down 16.7%, compared to a 15.6% rise in the S&P 500 [2] - Compared to the SPDR S&P Homebuilders ETF, which has declined about 12.2% over the past year, CARR's performance is notably weaker [3] Financial Results - In Q3, CARR reported revenue of $5.58 billion, exceeding analyst estimates of $5.56 billion [4] - The adjusted EPS of $0.67 surpassed analyst expectations by 17.7% [4] - For the current fiscal year ending in December, analysts project a 3.1% growth in EPS to $2.64 on a diluted basis [4] - CARR has consistently beaten consensus estimates in the last four quarters [4] Analyst Ratings - Among 24 analysts covering CARR, the consensus rating is a "Moderate Buy," consisting of 12 "Strong Buy" ratings, one "Moderate Buy," 10 "Holds," and one "Strong Sell" [5] - The consensus rating has become less bullish compared to the previous month, with 13 analysts previously suggesting a "Strong Buy" [6] - JPMorgan Chase & Co. maintained a "Neutral" rating on CARR and lowered the price target to $60, indicating a potential upside of 5.5% from current levels [6] - The mean price target of $74.65 suggests a 31.3% premium to CARR's current price, while the highest price target of $90 indicates an upside potential of 58.3% [6]

Core Viewpoint - The article highlights three stocks with a buy rank and strong momentum characteristics for investors to consider on October 29th, with a specific focus on Comfort Systems USA as a notable example [1] Company Summary - Comfort Systems USA (FIX) is identified as a national provider of comprehensive heating, ventilation, and air conditioning installation, maintenance, repair, and replacement services [1] - The company holds a Zacks Rank 1 (Strong Buy), indicating a favorable investment outlook [1] - The Zacks Consensus Estimate for Comfort Systems USA's current year earnings has increased by 5.8% over the last 60 days, reflecting positive earnings momentum [1]

Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment based on recent earnings estimate increases Company Summaries - **Comfort Systems USA (FIX)**: A national provider of HVAC services, with a 5.8% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - **Third Coast Bancshares (TCBX)**: A bank holding company offering various financial services, with a 5.1% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - **Simulations Plus (SLP)**: A developer of drug discovery simulation software, with a 3% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [3] - **Horizon Bancorp IN (HBNC)**: A full-service commercial bank, with a 2.7% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [4] - **Seagate Technology (STX)**: A provider of data storage technology, with a 2.4% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [5]

Core Insights - Modine reported strong revenue growth driven by the Climate Solutions segment and strategic acquisitions, raising its full-year revenue guidance [1][2][7] - The company anticipates a significant increase in Data Centers revenue, projecting over 60% year-over-year growth [7][9] Financial Performance - Net sales for the quarter increased by 12% to $738.9 million, compared to $658.0 million in the prior year [3][9] - Net earnings decreased by 3% to $44.8 million, down from $46.4 million in the previous year [4][9] - Adjusted EBITDA rose by 4% to $103.8 million, compared to $99.8 million in the prior year [4][9] - Earnings per share decreased by 3% to $0.83, while adjusted earnings per share increased by 9% to $1.06 [4][9] Segment Performance - The Climate Solutions segment reported sales of $454.4 million, a 24% increase from $366.4 million a year ago, with data center sales up 42% [10] - The Performance Technologies segment saw a 4% decline in sales to $286.3 million, primarily due to lower sales in On-Highway Applications [10] Cost and Margin Analysis - Gross profit decreased slightly to $164.9 million, with a gross margin of 22.3%, down 290 basis points from the prior year [4][10] - The Climate Solutions segment's gross margin fell to 24.6%, impacted by costs related to capacity expansion and the absence of prior year pricing settlements [10] Balance Sheet and Liquidity - As of September 30, 2025, total debt was $582.1 million, with cash and cash equivalents at $83.8 million, resulting in net debt of $498.3 million [7][32] - Net cash provided by operating activities for the first half of fiscal 2026 was $29.1 million, a decrease of $68.7 million from the prior year [6][33] Outlook - Modine raised its fiscal 2026 revenue outlook to a growth range of 15% to 20%, up from the previous 10% to 15% [7][9] - Adjusted EBITDA is projected to be between $440 million and $470 million for fiscal 2026 [7][9]

Core Insights - Carrier Global (CARR) is set to report its third-quarter 2025 results on October 28, with expectations of adjusted EPS around $0.80 and sales near $6 billion, indicating mid-single-digit organic growth year-over-year [2][9] - The Zacks Consensus Estimate for third-quarter earnings is currently at 55 cents per share, reflecting a 14% decrease over the past 30 days and a year-over-year decline of 33.73% [2][3] - Revenue estimates stand at $5.53 billion, suggesting a 7.62% year-over-year decline [3] Performance Influencers - Strong demand in the Heating, Ventilating, and Air Conditioning (HVAC) sector and aftermarket services is anticipated to drive revenue growth in Q3 [4] - The integration of Viessmann Climate Solutions is expected to enhance heat pump volumes and expand sustainable energy solutions [5] - Aftermarket services have been experiencing double-digit growth, likely continuing in the upcoming quarter [5] - Currency movements are projected to provide a $200 million year-over-year benefit from foreign currency translation, alongside another $200 million from tariff-related pricing adjustments [6] Challenges - Declining residential sales in the Americas due to weaker consumer demand and high inventory levels, as well as ongoing softness in residential sales in China, are expected to challenge performance [7] - Unfavorable product and regional mix in Europe, along with tariff-related margin pressures, may further impact quarterly results [7] Earnings Outlook - The current Earnings ESP for Carrier Global is +1.72%, but it holds a Zacks Rank of 5 (Strong Sell), indicating lower odds of an earnings beat [8]

Core Insights - Comfort Systems (FIX) reported quarterly earnings of $8.25 per share, exceeding the Zacks Consensus Estimate of $6.2 per share, and up from $4.09 per share a year ago [1] - The earnings surprise for the quarter was +33.06%, following a previous surprise of +39.53% [2] - The company achieved revenues of $2.45 billion for the quarter, surpassing the Zacks Consensus Estimate by 13.69% and up from $1.81 billion year-over-year [3] Financial Performance - Comfort Systems has consistently outperformed consensus EPS estimates over the last four quarters [2] - The stock has gained approximately 86.5% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.9% [4] - Current consensus EPS estimate for the upcoming quarter is $5.70 on revenues of $2.16 billion, and for the current fiscal year, it is $23.14 on revenues of $8.32 billion [8] Market Outlook - The company's favorable estimate revisions trend prior to the earnings release has resulted in a Zacks Rank 1 (Strong Buy), indicating expected outperformance in the near future [7] - The outlook for the industry, specifically the Building Products - Air Conditioner and Heating sector, is currently in the bottom 20% of Zacks industries, which may impact stock performance [9] - Another company in the same industry, Watsco (WSO), is expected to report quarterly earnings soon, with a consensus EPS estimate of $4.21, reflecting a year-over-year decline [10]

Core Points - Modine will host a conference call and webcast to discuss its second quarter financial results for the period ended September 30, 2025, on October 29, 2025 [1][2] - The financial results will be released after market close on October 28, 2025 [1] - The call will be led by Modine's President and CEO, Neil D. Brinker, and CFO, Michael B. Lucareli [2] Access Information - To access the live webcast, participants should log on through Modine's investor section at least 10 minutes prior to the event [3] - A replay of the slides and audio will be available on or after October 29, 2025 [3] - An audio-only replay will be available until midnight on November 5, 2025, by dialing the provided numbers [3] Company Overview - Modine has over 100 years of experience in thermal management technology, focusing on engineering solutions for mission-critical applications [4] - The company aims to create a cleaner, healthier world through its technologies that improve air quality, reduce energy and water consumption, and lower harmful emissions [4] - Modine operates globally with more than 11,000 employees and has facilities in North America, South America, Europe, and Asia [4]

Core Viewpoint - Comfort Systems (FIX) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Group 1: Earnings Performance - Comfort Systems has a solid track record of surpassing earnings estimates, particularly evident in the last two quarters with an average surprise of 34.66% [2]. - In the last reported quarter, Comfort Systems achieved earnings of $6.53 per share, exceeding the Zacks Consensus Estimate of $4.68 per share, resulting in a surprise of 39.53% [3]. - For the previous quarter, the company was expected to earn $3.66 per share but delivered $4.75 per share, leading to a surprise of 29.78% [3]. Group 2: Earnings Estimates and Predictions - Estimates for Comfort Systems have been trending upward, influenced by its history of earnings surprises [6]. - The company currently has a positive Zacks Earnings ESP of +8.92%, indicating increased analyst optimism regarding its near-term earnings potential [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong likelihood of another earnings beat [8]. Group 3: Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [7]. - The Earnings ESP metric is based on the Most Accurate Estimate compared to the Zacks Consensus Estimate, reflecting the latest analyst revisions [8].