Yahoo Finance Trinity (TRN) Reports Earnings Tomorrow: What To Expect
Railcar products and services provider Trinity Industries (NYSE:TRN) will be reporting results tomorrow before the bell. Here's what to expect.
Trinity beat analysts' revenue expectations by 7.8% last quarter, reporting revenues of $809.6 million, up 26.2% year on year. It was a decent quarter for the company, with an impressive beat of analysts' earnings estimates.
Is Trinity a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Trinity's revenue to grow 2.2% year on year to $738 million, slowing from the 73.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.34 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Trinity has missed Wall Street's revenue estimates five times over the last two years.
Looking at Trinity's peers in the heavy transportation equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. PACCAR's revenues decreased 2.1% year on year, meeting analysts' expectations, and Federal Signal reported revenues up 10.8%, in line with consensus estimates. PACCAR traded down 9.3% following the results while Federal Signal was up 5.3%.
Read our full analysis of PACCAR's results here and Federal Signal's results here.
There has been positive sentiment among investors in the heavy transportation equipment segment, with share prices up 9.4% on average over the last month. Trinity is up 12.1% during the same time and is heading into earnings with an average analyst price target of $34 (compared to the current share price of $32.84).
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