Trane Technologies: Q4 Earnings Insights

Trane Technologies TT reported its Q4 earnings results on Monday, January 31, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Earnings

Trane Technologies beat estimated earnings by 3.82%, reporting an EPS of $1.36 versus an estimate of $1.31, which did not surprise analysts.

Revenue was up $390.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on 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:

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).

Guidance

Trane Technologies management provided guidance for their next quarter, expecting earnings between $6.95 and $7.15 per share for the next quarter.

This represents a 418.38% in quarter-over-quarter growth for Trane Technologies, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.