Trane Technologies plc TT is set to report its fourth-quarter 2024 earnings on Jan. 30 before the bell.
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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%.
Expectations for TT This Time
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 and EPS Surprise
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.
What Our Model Says About TT
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.
Other Stocks to Consider
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.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>Fidelity National Information Services, Inc. (FIS) : Free Stock Analysis Report
Trane Technologies plc (TT) : Free Stock Analysis Report
TransUnion (TRU) : Free Stock Analysis Report
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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.
