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Swords, Ireland-based Trane Technologies plc (TT) designs, manufactures, sells, and services solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. With a market cap of $97.6 billion, the company is poised to announce its fiscal Q2 earnings results on Thursday, July 30, before the market opens.
Ahead of this event, analysts expect the company to report a profit of $3.76 per share, up 13.9% from $3.30 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters.
For fiscal 2025, analysts expect TT to report an EPS of $12.92, up 15.2% year over year from a profit per share of $11.22 in fiscal 2024. Moreover, in FY2026, the company’s EPS is expected to increase 11.2% annually to $14.36.
TT stock has grown 27% over the past 52 weeks, outperforming the Industrial Select Sector SPDR Fund’s (XLI) 21.7% surge and the S&P 500 Index’s ($SPX) 12.1% uptick during the same time frame.
TT shares soared 8.5% following the release of its Q1 earnings on Apr. 30. The company’s reported and organic revenues both increased 11% year-over-year to $4.7 billion, and surpassed the Street’s estimates. Moreover, its adjusted EPS for the quarter rose 26% from the prior year’s quarter to $2.45 and exceeded the consensus estimates by 11.4%.
Wall Street analysts are somewhat bullish about TT’s stock, with a "Moderate Buy" rating overall. Among 20 analysts covering the stock, seven recommend "Strong Buy," 12 suggest a “Hold,” and one suggests a “Strong Sell.” While TT currently trades above its mean price target of $436.83, the Street-high target of $500 indicates a potential upswing of 14.3% from the current market price.
