Trane Technologies (TT) closed at $456.84, down 1.49%, which is notably better than the S&P 500’s 2.65% loss during the same session. This drop also trails the Dow’s decrease of 1.35% and the Nasdaq’s significant 4.18% drop. Over the past month, Trane’s shares have lost 1.29%, compared to the Business Services sector’s loss of 0.53% and a 5.47% gain for the S&P 500.
The company is expected to report earnings of $4.27 per share on the upcoming earnings release, marking a year-over-year growth of 10.05%, with revenues projected at $6.16 billion, up 7.22%. For the full year, consensus estimates forecast earnings at $14.83 per share and revenue of $23.25 billion, reflecting increases of 13.55% and 9.05% respectively. Trane Technologies currently holds a Zacks Rank of #2 (Buy) and trades at a Forward P/E ratio of 31.27, higher than the industry average of 16.19.
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