Trane Technologies (NYSE:TT) reported its Q1 earnings results on Wednesday, May 4, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Trane Technologies beat estimated earnings by 13.13%, reporting an EPS of $1.12 versus an estimate of $0.99.
Revenue was up $338.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 3.42% drop in the share price the next day.
Here's a look at Trane Technologies's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.31 | 1.78 | 1.89 | 0.62 |
| EPS Actual | 1.36 | 1.80 | 1.92 | 1.01 |
| Revenue Estimate | 3.55B | 3.78B | 3.75B | 2.86B |
| Revenue Actual | 3.57B | 3.72B | 3.83B | 3.02B |
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 $6.95 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.
