Trinity Industries, Inc. (NYSE:TRN) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on February 22, 2017. The stock added about 26 percent in price since last results when it was at $22.29 a share. Based on the most relevant past-periods data, there is an 57.14 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 16 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 91% of the time in its last 12 earnings reports. It fell short of earnings estimates on 1 occasions, and it has met expectations 0 time.
Here’s how traders responded to TRN earnings announcements over the past few quarters.
Trinity Industries, Inc. (TRN) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 14.37 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $0.55 which beat the consensus $0.52 projection (positive surprise of5.77%. For the quarter, revenue came in at 1.11B versus consensus estimate of 1.21B. The stock dropped -1.79 percent the session following the earnings reports were released, and on 7th day price change was -5.74 percent.
On July 21, 2016, it reported earnings at $0.62 a share compared with the consensus estimate of $0.45 per share (positive surprise of 37.78%). Revenue of 1.18B for that quarter was below the $1.18B analysts had expected. The stock climbed 4.69% the day following the earnings announcement, and on 7th day price change was -0.05%.
On April 21, 2016, it recorded $0.61 a share in earnings which missed the consensus estimate of $0.66 (negative surprise of -7.58%). Revenue for the quarter was $1.19B while analysts called for revenues to be $1.31B. The stock gained 7.29% the day following the earnings data was made public, and on 7th day price change was 6.58%.
On February 18, 2016, it announced earnings per share at $1.3 versus the consensus estimate of $1.07 per share (positive surprise of 21.5%). That came on revenues of $1.55B for that period. Analysts had expected $1.6B in revenue.
Trinity Industries, Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.28. The analysts’ present consensus range is $0.25-$0.3 for EPS. The market consensus range for revenue is between $868.55M and $930.3M, with an average of $898.49M.
Trinity Industries, Inc. (NYSE:TRN) last ended at $28.17, sending the company’s market cap near $4.29B. The consensus 12-month price target from analysts covering the stock is $23.88. The share price has declined -3.89% from its top level in 52 weeks and dropped 1.48% this year. It recently traded in a range of $28.05-$28.48 at a volume of 1090613 shares. The recent trading ended with the price nearly 0.5 higher for the last 5 trading days, rebounding 91.54% from its 52-week low.