Railcar products and services provider Trinity (NYSE:TRN) will be reporting earnings this Thursday before market hours. Here’s what to expect.
Trinity beat analysts’ revenue expectations last quarter, reporting revenues of $611.2 million, down 2.9% year on year. It was a strong quarter for the company, with a solid beat of analysts’ revenue estimates and full-year EPS guidance exceeding analysts’ expectations.
Is Trinity a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Trinity’s revenue to decline 7.9% year on year, improving from the 27.7% decrease it recorded in the same quarter last year.
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 multiple times over the last two years.
Looking at Trinity’s peers in the heavy transportation equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. PACCAR’s revenues decreased 8.9% year on year, missing analysts’ expectations by 0.9%, and Wabtec reported revenues up 13%, in line with consensus estimates. Wabtec traded up 4.6% following the results.
Read our full analysis of PACCAR’s results here and Wabtec’s results here.
There has been positive sentiment among investors in the heavy transportation equipment segment, with share prices up 14.1% on average over the last month. Trinity is down 1% during the same time and is heading into earnings with an average analyst price target of $33.50 (compared to the current share price of $31.04).
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