Trane Technologies (NYSE:TT) plc TT will report third-quarter 2021 earnings numbers on Nov 3, 2021 before the bell.
The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all of the past four quarter, delivering an earnings surprise of 26.1%, on average.
Expectations This Time Around
The consensus estimate for Trane’s revenues in the to-be-reported quarter is pegged at $3.8 billion, indicating 8.6% growth from the year-ago quarter’s reported figure. The top line is expected to have benefited from increased end-customer demand within all of its segments, mainly driven by its three recent channel acquisitions.
The consensus mark for the bottom line stands at $1.86 per share, indicating 8.1% year-over-year growth. Strong operating performance and benefits from cost containment measures are likely to have benefited the bottom line in the quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Trane this time around. 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. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Trane has an Earnings ESP of -2.08% and a Zacks Rank #3.
Stocks That Warrant a Look
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season.
Opendoor (NASDAQ:OPEN) Technologies OPEN has an Earnings ESP of +38.89% and a Zacks Rank #2.You can see the complete list of today’s Zacks #1 Rank stocks here.
Affirm Holdings AFRM has an Earnings ESP of +% and a Zacks Rank #3.
SoFi Technologies SOFI has an Earnings ESP of +64.71% and a Zacks Rank #3.
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