Trane Technologies plc TT is set to report its fourth-quarter 2024 earnings on Jan. 30 before the bell.
See the Zacks Earnings Calendar to stay ahead of market-making news.
The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in each of the past four quarters, delivering an average surprise of 7.9%.
The Zacks Consensus Estimate for TT’s revenues in the to-be-reported quarter is pegged at $4.77 billion, indicating 7.8% growth from the year-ago figure. The top line is expected to have benefited from robust demand for innovative products and services in the Americas Commercial HVAC segment.
Trane Technologies plc price-consensus-eps-surprise-chart | Trane Technologies plc Quote
We expect America’s revenues to jump 7.6% from the year-ago actual figures to $3.65 billion. Our prediction for revenues from the EMEA stands at $700.2 million, indicating 7% year-over-year growth.
The consensus mark for Trane Technologies’ EPS in the to-be-reported quarter is pegged at $2.54 per share, suggesting 17.1% year-over-year growth. The bottom-line growth is expected to have been driven by enhanced operational efficiency.
Our proven Zacks model predicts an earnings beat for Trane Technologies this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here.
Trane Technologies has an Earnings ESP of +0.81% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are a few stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.
TransUnion TRU: The Zacks Consensus Estimate for the company’s fourth-quarter 2024 revenues is pegged at $1.03 billion, indicating a year-over-year increase of 7.7%. For earnings, the consensus mark is pegged at 96 cents per share, suggesting a 20% increase from that reported in the year-ago quarter. The company beat the Zacks Consensus Estimate in each of the past four quarters, with an average surprise of 7.3%.
TRU has an Earnings ESP of +0.27% and a Zacks Rank #3 at present. The company is scheduled to declare its fourth-quarter 2024 results on Feb. 13. You can see the complete list of today’s Zacks #1 Rank stocks here.
Fidelity National Information Services FIS: The Zacks Consensus Estimate for the company’s fourth-quarter 2024 revenues is pegged at $2.63 billion, indicating year-over-year growth of 4.9%. For earnings, the consensus mark is pegged at $1.35 per share, implying 43.6% growth from the year-ago quarter’s actual. The company beat the Zacks Consensus Estimate in three of the past four quarters and missed once in the remaining, the average surprise being 772.5%.
FIS has an Earnings ESP of +0.41% and a Zacks Rank #2. The company is scheduled to declare its fourth-quarter 2024 results on Feb. 11.
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