Earnings Estimates Moving Higher for Trinity Industries (TRN): Time to Buy? - Tale of the Tape


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Trinity Industries Inc. ( TRN ), a manufacturer of rail cars and other industrial products, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on TRN's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Trinity Industries could be a solid choice for investors.

Current Quarter Estimates for TRN

In the past 30 days, 5 estimates have gone higher for Trinity Industries while none moved lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $1.32 a share 30 days ago to $1.40 today, a move of 6%.

Current Year Estimates for TRN

Meanwhile, Trinity Industries' current year figures are also looking quite promising, with 5 estimates moving higher in the past month, compared to no lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $4.55 per share 30 days ago to $4.64 per share today, an increase of 2%.

Bottom Line

The stock has also started to move higher lately, adding 10.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Earnings , Investing Ideas , Stocks

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