Trane Technologies TT reported its Q2 earnings results on Wednesday, August 3, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Trane Technologies beat estimated earnings by 2.37%, reporting an EPS of $2.16 versus an estimate of $2.11.
Revenue was up $360.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.13 which was followed by a 3.2% drop in the share price the next day.
Here's a look at Trane Technologies's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 0.99 | 1.31 | 1.78 | 1.89 |
EPS Actual | 1.12 | 1.36 | 1.80 | 1.92 |
Revenue Estimate | 3.16B | 3.55B | 3.78B | 3.75B |
Revenue Actual | 3.36B | 3.57B | 3.72B | 3.83B |
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 FY 2022, expecting earnings between $7.05 and $7.15 per share.
To track all earnings releases for Trane Technologies visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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