Trane Technologies PLC reports results for the quarter ended December 31 - Earnings Summary

• Trane Technologies PLC TT.N reported quarterly adjusted earnings of $2.61​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $2.17. The mean expectation of twenty analysts for the quarter was for earnings of $2.54 per share. Wall Street expected results to range from $2.49 to $2.65 per share.

• Revenue rose 10.2% to $4.87 billion from a year ago; analysts expected $4.79 billion.

• Trane Technologies PLC's reported EPS for the quarter was $2.66​.

• The company reported quarterly net income of $604.3 million.

• Trane Technologies PLC shares had fallen by 1.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 17 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the electrical components & equipment peer group is also "hold"

Wall Street's median 12-month price target for Trane Technologies PLC is $420.00

This summary was machine generated from LSEG data January 30 at 08:06 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)