
HVAC company Trane (NYSE: TT) will be reporting earnings this Thursday before the bell. Here’s what to expect.
Trane Technologies missed analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $5.74 billion, up 5.5% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ adjusted operating income estimates but a slight miss of analysts’ revenue estimates.
Is Trane Technologies a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Trane Technologies’s revenue to grow 4.8% year on year to $5.11 billion, slowing from the 10.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.81 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Trane Technologies has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Trane Technologies’s peers in the building products segment, some have already reported their Q4 results, giving us a hint as to what we can expect. AZZ delivered year-on-year revenue growth of 5.5%, beating analysts’ expectations by 1.8%, and Insteel reported revenues up 23.3%, falling short of estimates by 1.3%. AZZ traded up 6.6% following the results while Insteel was also up 1.9%.
Read our full analysis of AZZ’s results here and Insteel’s results here.
There has been positive sentiment among investors in the building products segment, with share prices up 9.3% on average over the last month. Trane Technologies’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $478.27 (compared to the current share price of $392.80).
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