Benzinga | Jul 21, 2021 10:49AM EDT

Earnings Outlook For Trinity Industries

On Thursday, July 22, Trinity Industries (NYSE:TRN) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Sell-side analysts expect Trinity Industries's EPS to be near $0.09 on sales of $440.62 million. In the same quarter last year, Trinity Industries reported EPS of $0.02 on revenue of $509.20 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate, earnings would be up 350.0%. Sales would be down 13.47% from the year-ago period. Trinity Industries's reported EPS has stacked up against analyst estimates in the past like this: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate 0.08 -0.04 0.07 0.10EPS Actual 0.07 0.04 0.17 0.02Revenue Estimate 426.40 M 398.14 M 486.28 M 459.86 MRevenue Actual 398.80 M 415.60 M 459.40 M 509.20 M

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of Trinity Industries were trading at $25.94 as of July 20. Over the last 52-week period, shares are up 35.23%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Trinity Industries is scheduled to hold the call at 08:30:00 ET and can be accessed here.