Market Overview

Triton International Earnings Preview

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On Friday, October 23, Triton International (NYSE: TRTN) 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

Based on Triton International management projections, analysts predict EPS of $1.06 on revenue of $335.30 million. Triton International EPS in the same period a year ago totaled $1.16. Sales were $336.67 million.

Why Analyst Estimates And Earnings Surprises Are Important

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.

The Wall Street estimate would represent a 8.62% decline in the company's earnings. Sales would have fallen 0.41% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.78 0.94 1.10 0.81
EPS Actual 0.86 0.93 1.07 1.16
Revenue Estimate 309.50 M 323.83 M 334.70 M 226.14 M
Revenue Actual 321.40 M 321.47 M 331.18 M 336.67 M

Stock Performance

Shares of Triton International were trading at $36.57 as of October 21. Over the last 52-week period, shares are down 0.25%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.

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

 

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Posted-In: Earnings