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Swords, Ireland-based Trane Technologies plc (TT) designs, manufactures, sells, and services industrial equipment. With a market cap of $92.2 billion, the company offers central heating and cooling systems, air conditioners, electric vehicles, air cleaners, and fluid-handling products. The global climate innovator is expected to announce its fiscal third-quarter earnings for 2025 before the market opens on Thursday, Oct. 30.
Ahead of the event, analysts expect TT to report a profit of $3.82 per share on a diluted basis, up 13.4% from $3.37 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.
For the full year, analysts expect TT to report EPS of $13, up 15.9% from $11.22 in fiscal 2024. Its EPS is expected to rise 11.7% year-over-year to $14.52 in fiscal 2026.
TT stock has underperformed the S&P 500 Index’s ($SPX) 14.4% gains over the past 52 weeks, with shares up 4.7% during this period. Similarly, it underperformed the Industrial Select Sector SPDR Fund’s (XLI) 9.4% gains over the same time frame.
On Jul. 30, TT shares closed down more than 8% after reporting its Q2 results. Its revenue stood at $5.7 billion, up 8.3% year-over-year. The company’s adjusted EPS increased 17.6% from the year-ago quarter to $3.88.
Analysts’ consensus opinion on TT stock is reasonably bullish, with a “Moderate Buy” rating overall. Out of 21 analysts covering the stock, six advise a “Strong Buy” rating, 14 give a “Hold,” and one recommends a “Strong Sell.” TT’s average analyst price target is $466, indicating a potential upside of 11.3% from the current levels.
