* Trinity Industries Inc reported quarterly adjusted earnings of 66 cents per share for the quarter ended in January, higher than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of two analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 30 cents to 37 cents per share.
* Revenue rose 16.5% to $841.40 million from a year ago; analysts expected $769.40 million.
* Trinity Industries Inc's reported EPS for the quarter was 65 cents.
* The company reported quarterly net income of $54.4 million.
* Trinity Industries Inc shares had risen by 10.5% this quarter and gained 24.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 1.5% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the heavy machinery & vehicles peer group is "hold."
Wall Street's median 12-month price target for Trinity Industries Inc is $34.00 This summary was machine generated from LSEG data August 1 at 01:38 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 0.34 0.66 Beat
Mar. 31 2024 0.22 0.33 Beat
Dec. 31 2023 0.64 0.82 Beat
Sep. 30 2023 0.26 0.26 Met
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