Benzinga | Jan 28, 2022 10:22AM EST

A Preview Of Trane Technologies's Earnings

Trane Technologies (NYSE:TT) is set to give its latest quarterly earnings report on Monday, 2022-01-31. Here's what investors need to know before the announcement.

Analysts estimate that Trane Technologies will likely report an Earnings Per Share (EPS) of $1.31.

Trane Technologies bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.02, which was followed by a 1.44% increase in the share price the next day.

Here's a look at Trane Technologies's past performance and the resulting price change:

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020EPS Estimate 1.78 1.89 0.62 0.92EPS Actual 1.80 1.92 1.01 1.03Price Change % 1.44% -2.42% 1.79% 0.34%

Stock Performance

Shares of Trane Technologies were trading at $169.2 as of January 27. Over the last 52-week period, shares are up 16.86%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

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