Očekává se, že společnost Trane Technologies za čtvrtletí končící v září 2026 vykáže zisk 4,74 USD na akcii, což představuje meziroční nárůst o 22,2 %, při tržbách ve výši 6,44 miliardy USD.
The market expects Trane Technologies (TT - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on October 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis manufacturer is expected to post quarterly earnings of $4.74 per share in its upcoming report, which represents a year-over-year change of +22.2%.
Revenues are expected to be $6.44 billion, up 12.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.37% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Trane Technologies?For Trane Technologies, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.36%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Trane Technologies will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Trane Technologies would post earnings of $4.27 per share when it actually produced earnings of $4.31, delivering a surprise of +0.94%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Trane Technologies appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Trane Technologies ve 2. čtvrtletí 2026 zvýšila organické objednávky o 37 % a objem nevyřízených objednávek dosáhl rekordních 12,1 mld. USD, což představuje meziroční nárůst o 70 %.
Key Takeaways Trane Technologies' HVAC demand drove 37% organic bookings growth and a record $12.1B backlog in Q2 2026.TT's FCF nearly doubled to $1.6B in the first half of 2026, supporting investments & shareholder returns.TT faces input-cost inflation and rising expenses, with Q2 adjusted operating margin falling. Trane Technologies plc (TT - Free Report) benefits from sustained heating, ventilation and air conditioning (HVAC) demand, a record backlog and continued innovation in energy-efficient solutions. Disciplined capital allocation and healthy cash generation support shareholder returns, strategic investments and long-term growth.
TT has a Growth Score of B. This style score condenses key financial metrics to reflect a fair sense of the quality and sustainability of its growth.
The company’s third-quarter 2026 earnings are expected to increase 22.2% year over year. Its 2026 and 2027 earnings are projected to rise 17.2% and 15.1%, respectively. Revenues are anticipated to grow 11% in 2026 and 9.1% in 2027.
Factors That Bode Well for TT’s SuccessHVAC Demand & Innovation Drive Growth: Trane Technologies gains from sustained commercial HVAC demand, a growing project pipeline and investments in energy-efficient climate solutions. In the second quarter of 2026, organic bookings increased 37%, while backlog reached a record $12.1 billion, up 70% year over year. About $6 billion of backlog is scheduled for 2027 and beyond, supporting long-term revenue visibility. Management raised its organic revenue growth outlook to about 9% in 2026. The company’s sustainability initiatives further support its growth prospects, supported by $347.6 million in research and development spending in 2025 and commitments to reduce carbon emissions by 2030. Continued investments in smart systems, integrated controls, lower-emission refrigerants and agentic artificial intelligence strengthen its ability to address evolving customer efficiency needs and sustain long-term demand.
Disciplined Capital Allocation Supports Shareholder Returns: The company maintains a balanced capital allocation strategy focused on dividends, buybacks and strategic acquisitions. Through July 2026, it deployed or committed approximately $1.9 billion, including $840 million for buybacks, $690 million for dividends and $340 million for mergers & acquisitions. The company raised its annualized dividend by 12% to $4.20 per share, with $3.8 billion remaining under its repurchase authorization. Management expects to deploy $2.8-$3.3 billion in capital in 2026 and aims to return 100% of excess cash to shareholders over time, supporting sustained shareholder returns and long-term growth.
Healthy Cash Flow Supports Financial Flexibility: Trane Technologies maintains adequate liquidity, with $1.32 billion in cash, exceeding short-term borrowings and current maturities of $693 million as of June 30, 2026. In the first half of 2026, free cash flow nearly doubled to $1.6 billion from $841 million, while operating cash flow rose to $1.73 billion from $1.04 billion. Management expects full-year free cash flow to equal or exceed adjusted net earnings, supporting growth investments, shareholder returns and financial flexibility.
Watch Out for These Risks to TT StockPersistent Input-Cost Inflation Weighs on Margins: Trane Technologies faces continued exposure to commodity price volatility and broader input-cost inflation, which could constrain profitability. In the second quarter of 2026, adjusted operating margin contracted 60 basis points year over year to 19.7%, despite 9% organic revenue growth. Management expects pricing to remain insufficient to fully offset inflation in the second half of 2026, although the gap should narrow sequentially through the fourth quarter. Sustained cost inflation could limit margin expansion and earnings growth, making pricing recovery and operating efficiencies critical to profitability.
Rising Operating Expenses Threaten Margin Expansion: The company faces higher personnel, acquisition-related and reinvestment costs, which could constrain operating leverage. In the first half of 2026, selling and administrative expenses rose 7.1% year over year to $1.99 billion, reflecting higher compensation, sales commissions, acquired-business costs and the impact of a $61.2 million non-cash contingent-consideration adjustment in the prior-year period. Management is also increasing investments in capacity, innovation and channel expansion, adding to the cost base.
TT’s Zacks Rank & Stocks to ConsiderTrane Technologies currently carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A couple of better-ranked stocks in the broader Business Services sector are The GEO Group, Inc. (GEO - Free Report) and CBIZ, Inc. (CBZ - Free Report) .
The GEO Group carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 14%.
GEO beat earnings estimates in three of the trailing four quarters and matched once, delivering an earnings surprise of 24.6%, on average.
CBIZ, Inc. also holds a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 10%.
CBZ beat earnings estimates in three of the trailing four quarters and missed once, with an average earnings surprise of 19.4%.
Společnost Trane Technologies má 29. října 2026 zveřejnit hospodářské výsledky; analytici očekávají meziroční růst EPS o 22,16 % na 4,74 USD a růst tržeb o 11,53 % na 6,4 miliardy USD.
Trane Technologies (TT - Free Report) ended the recent trading session at $476.98, demonstrating a +1.5% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.6%. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 0.64%.
The manufacturer's stock has climbed by 6.85% in the past month, exceeding the Business Services sector's loss of 2.9% and the S&P 500's gain of 1.34%.
Market participants will be closely following the financial results of Trane Technologies in its upcoming release. The company plans to announce its earnings on October 29, 2026. The company is expected to report EPS of $4.74, up 22.16% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $6.4 billion, indicating a 11.53% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $15.3 per share and a revenue of $23.66 billion, demonstrating changes of +17.15% and +10.97%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Trane Technologies. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% lower. Trane Technologies presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Trane Technologies is currently trading at a Forward P/E ratio of 30.71. This signifies a premium in comparison to the average Forward P/E of 15.81 for its industry.
Meanwhile, TT's PEG ratio is currently 2.19. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Technology Services industry currently had an average PEG ratio of 1.24 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 172, positioning it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Společnost Trane Technologies vyplatí 31. prosince čtvrtletní dividendu ve výši 1,05 USD na akcii; rozhodný den i den bez nároku na dividendu připadají na 4. prosince.
Trane Technologies plc (NYSE:TT – Get Free Report) declared a quarterly dividend on Wednesday, October 7th. Investors of record on Friday, December 4th will be given a dividend of $1.05 per share on Thursday, December 31st. This represents a $4.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, December 4th.
Trane Technologies has decreased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Trane Technologies has a payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Trane Technologies to earn $17.57 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 23.9%.
Trane Technologies Stock Down 1.9% Shares of NYSE:TT opened at $467.16 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. Trane Technologies has a 52-week low of $348.06 and a 52-week high of $505.87. The company has a 50 day moving average of $454.27 and a two-hundred day moving average of $460.81. The company has a market capitalization of $102.78 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 2.22 and a beta of 1.15.
Trane Technologies (NYSE:TT – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the firm earned $3.88 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, analysts forecast that Trane Technologies will post 15.3 earnings per share for the current fiscal year. (Get Free Report)
Trane Technologies plc is a global climate solutions company that develops and provides systems, equipment, services and controls for heating, ventilation, air conditioning and refrigeration. Its solutions are used in commercial buildings, industrial facilities, residential properties, data centers, transportation and other applications where temperature control and energy efficiency are important.
The company operates through two primary areas: Climate Solutions, which includes building heating and cooling systems, building controls, services and energy-management solutions; and Climate Solutions Transport, which provides refrigeration systems for trucks, trailers, shipping containers and other transportation applications.
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Trane Technologies spustila první rezidenční tepelná čerpadla pro chladné klima, která udrží 100% topný výkon do 5 °F a fungují až do -20 °F. Novinky jsou určeny pro značky Trane a American Standard.
Trane Technologies Introduces Residential Cold Climate Heat Pumps Built for Extreme Winter Performance Trane Technologies (NYSE: TT), a global climate innovator, today announced the launch of advanced residential cold climate heat pumps across its Trane® and American Standard® Heating & Air Conditioning brands: Trane’s 20 TruComfort™ Cold Climate Heat Pump with WeatherGuard™ and American Standard’s AccuComfort™ Platinum 20 Cold Climate Heat Pump with All Weather®.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261001869249/en/
Trane’s new cold climate heat pump showcases innovation designed to deliver reliable comfort and efficiency in extreme winter conditions.
The launch marks Trane Technologies’ first cold climate heat pumps engineered and manufactured for the residential market, a significant milestone that advances the transition to high-efficiency, all-electric and home comfort. Designed for harsh winter conditions, both systems maintain 100% heating capacity down to 5°F and continue operating in temperatures as low as -20°F, while delivering year-round heating and cooling. These systems are also designed to work in duel-fuel capacity for homes with furnaces.
The new cold climate heat pumps successfully surpassed the performance requirements of the U.S. Department of Energy's (DOE) Residential Cold Climate Heat Pump Technology Challenge, a rigorous, industry-wide initiative to accelerate the development of heat pumps capable of reliable performance in some of the coldest regions of the United States. The systems were further validated through nearly 18,000 hours of field testing in homes in Minnesota, Montana, New York, Pennsylvania, Wisconsin and Texas, with outdoor temperatures reaching as low as -21°F.
“This launch marks an important step in making residential electrification practical for more homeowners,” said Mark Majocha, President, Residential HVAC, Trane Technologies. “For years, extreme cold has been seen as the limit of what heat pumps could achieve. We are redefining that expectation with innovative heat pump systems designed to deliver the efficiency, intelligence and reliable performance homeowners need to confidently move toward all-electric comfort. We are proud to help expand access to more sustainable homes without compromising comfort or peace of mind.”
Engineered for Cold Climate Performance
Both Trane’s TruComfort™ and American Standard’s AccuComfort™ systems feature variable speed operation designed to deliver precise, reliable comfort and increased energy efficiency across a wide operating range, including:
Continuous heating operation from -20°F to 66°FCooling operation across a wide ambient range of 55°F to 115°FVariable speed compressor operation that continually adjusts in increments as fine as 0.1% for precise comfort deliveryAdvanced airflow algorithms delivering supply air temperatures up to 110°FReduced reliance on backup electric heatConnected, Intelligent Home Comfort
Both systems are designed for Link® communicating technology, enabling a fully communicating system that helps optimize performance, enhances homeowner control and integrates seamlessly with Trane and American Standard smart thermostats and indoor air quality solutions. Trane’s TruComfort™ and American Standard’s AccuComfort™ variable-speed technology continuously adjusts compressor speed to match the home's needs, supporting more precise temperature control, quieter operation and improved energy efficiency.
For dealers, integrated connectivity enables advanced remote diagnostics and improved system visibility. Both units are also zoning capable when paired with Link®-enabled indoor equipment.
Availability
Trane’s 20 TruComfort™ and American Standard’s AccuComfort™ Variable Speed Platinum 20 Cold Climate Heat Pumps are available this fall. The systems are backed by a limited warranty covering the compressor for up to 12 years and the outdoor coil and parts for up to 10 years with registration.
For more information, visit www.trane.com or www.americanstandardair.com.
About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. For more on Trane Technologies, visit tranetechnologies.com.
Forward Looking Statements
This news release includes “forward-looking statements” within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to our residential cold climate heat pump product and service innovations and the anticipated benefits of these innovations. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2025, as well as our subsequent reports on Form 10-Q and other SEC filings. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. We assume no obligation to update these forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261001869249/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Trane Technologies uvedla LiquidStack CDU 2.X pro flexibilnější chlazení datových center s AI. Platforma je již v předobjednávce, dodávky začnou ve 2. čtvrtletí 2027.
Configurable CDU platform helps simplify deployment and scale liquid cooling for next-generation AI infrastructure | Source: LiquidStack
SWORDS, Ireland, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Trane Technologies (NYSE: TT), a global climate innovator, today at Yotta 2026 announced the release of the LiquidStack™ CDU 2.X platform, an architecture-agnostic coolant distribution unit (CDU) designed to provide the cooling performance and deployment flexibility required for rapidly evolving AI infrastructure. The new platform helps reduce redesign risk and simplify deployment for data center operators and reflects Trane Technologies’ continued investment in advanced thermal management solutions for high-density data center environments.
As the GPU landscape continues to shift and accelerate, flexibility has become critical for both the short and long-term viability of AI, high-performance computing and hyperscale data centers. This new platform’s single CDU design solves for this need by supporting today’s industry-leading AI hardware and emerging solutions alike. With flow capability of up to 3750 lpm at 3.5 bar, CDU 2.X is designed to meet the cooling performance of today’s GPU platforms while providing available headroom for next-generation platforms as rack densities increase.
“Operators need cooling infrastructure that can adapt as GPU platforms and rack densities evolve,” said Scott Smith, General Manager of LiquidStack, Trane Technologies. “CDU 2.X combines the performance and flexibility customers need today with the headroom to prepare for what comes next, allowing them to configure cooling around their facility and deployment strategy rather than designing the facility around the CDU.”
Key features of the CDU 2.X include:
Broad architecture compatibility – designed to support multiple current and emerging AI silicon platforms from a common CDU architecture.Simplified deployment – an ultra-low-harmonics VFD architecture is designed to address harmonic distortion at the source, reducing the need for additional power-quality components and simplifying system architecture and deployment.Configured around your facility – flexible control valve, power-feed and redundancy options enable CDU 2.X to be configured around different facility and deployment architectures.Flexible distribution architecture – end-of-row and rack-adjacent deployment support provides operators with greater flexibility to address increasing rack densities and future architectures.Performance headroom for next-generation AI – designed to support next-generation GPU platforms, including NVIDIA Vera Rubin and beyond.Flexible power architecture – dual-feed A/B and automatic transfer switch options enable operators to configure CDU 2.X around different facility resiliency requirements.Designed for high-efficiency operation – lower approach temperatures and facility inlet temperatures up to 45°C support efficient liquid cooling system architectures.
The announcement comes on the heels of the commercial availability of the LiquidStack GigaModular™ CDU platform, now with an expanded 14 MW of capacity. Trane Technologies’ liquid cooling portfolio, including LiquidStack solutions, gives data center operators greater flexibility in how they deploy and scale next-generation liquid cooling infrastructure.
The LiquidStack CDU 2.X from Trane Technologies is available for pre-order now, with shipments beginning in the second quarter of 2027.
To learn more, visit https://liquidstack.com/coolant-distribution-unit-2x.
About LiquidStack
LiquidStack™ — a Trane Technologies brand — is a global leader in advanced liquid cooling for scalable AI infrastructure, delivering future-ready cooling architectures designed for next-generation GPU platforms. Built to support hyperscale AI growth, LiquidStack solutions enable operators to deploy, scale, and optimize high-density AI infrastructure with confidence. Learn more at liquidstack.com.
About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our environmentally responsible portfolio of products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. Learn more at tranetechnologies.com.
Forward Looking Statements
This news release includes “forward-looking statements” within the meaning of securities laws regarding our product and service innovations in coolant deployment systems for AI data centers, and the anticipated marketability and operational benefits of these innovations. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2025, as well as our subsequent reports on Form 10-Q and other SEC filings. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. We assume no obligation to update these forward-looking statements.
Contact:
Doug De Orchis
Scratch Marketing & Media for LiquidStack [email protected]
Trane Technologies ve 2. čtvrtletí 2026 zvýšila backlog o 70 % a téměř 6 miliard USD je naplánováno na rok 2027 a dále. Firma zároveň čeká na rok 2026 výnosy 23,7 miliardy USD.
Key Takeaways Trane Technologies' backlog surged 70% in Q2 2026, with nearly $6 billion scheduled for 2027 and beyond.TT's 2026 revenue estimate is $23.7 billion, up 10.9%, while earnings are projected to rise 17.2%.Trane Technologies plans to deploy $2.8-$3.3 billion in 2026 and raise its annualized dividend by 12%. Trane Technologies plc (TT - Free Report) designs and manufactures climate control solutions. It is especially known for heating, ventilation, air conditioning (HVAC) and transport refrigeration systems. Consequently, if you haven’t taken advantage of the share price appreciation yet, it’s time to add the stock to your portfolio.
What Makes Trane Technologies an Attractive Pick?An Outperformer: The stock has registered impressive growth over the past year. Shares of TT have returned 10.8% against the 16% decline of the industry it belongs to.
1-Year Share Price Performance Image Source: Zacks Investment Research
Strong Growth Prospects: For revenues, the Zacks Consensus Estimate is pegged at $23.7 billion for 2026, suggesting an increase of 10.9% year over year. The same for 2027 is expected to rise 9% year over year. The Zacks Consensus Estimate for TT’s fiscal 2026 earnings is pegged at $15.31, implying a 17.2% year-over-year upsurge. For 2027, the same is anticipated to register a 14.7% year-over-year increase.
Image Source: Zacks Investment Research
Northward Estimate Revisions: Six estimates for 2026 and 2027 moved north in the past 60 days versus no southward revisions, reflecting analysts’ confidence in the company. The Zacks Consensus Estimate for 2026 earnings has moved up 2.8% in the past 60 days. For 2027, the same has moved up 3.4% in the past 60 days.
Image Source: Zacks Investment Research
Positive Earnings Surprise History: Trane Technologies has a decent earnings surprise history. The company beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average earnings surprise of 2.1%.
Growth Factors: TT registered a 70% year-over-year upsurge in backlog during the second quarter of 2026 following 37% growth in organic bookings. Notably, nearly $6 billion of the backlog is scheduled for 2027 and thereafter, raising future revenue visibility. Americas Commercial HVAC skyrocketed 50% year over year, while applied bookings recorded a lofty jump of 130%, marking the fourth consecutive quarter of growth exceeding 100%.
Alongside Commercial HVAC, the company witnessed substantial improvement in residential HVAC business as well. Residential HVAC revenues moved up at a low-teens rate organically during the second quarter of 2026, pushing management to hike 2026 prospects to mid-single-digit growth.
Trane Technologies maintains financial flexibility that supports investment in capacity and innovation while returning capital to shareholders. The company expects to deploy $2.8-$3.3 billion in 2026, raise its annualized dividend by 12% to $4.2 per share and repurchase nearly $840 million in shares through the second quarter of 2026.
TT’s Zacks Rank & Other Stocks to ConsiderThe company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some other top-ranked stocks in the broader Zacks Business Services sector include CBIZ (CBZ - Free Report) and Coherent Corp. (COHR - Free Report) , each carrying a Zacks Rank #2 at present.
CBIZ has a long-term earnings growth expectation of 11.6%. CBZ delivered a trailing four-quarter earnings surprise of 8.9%, on average.
Coherent has a long-term earnings growth expectation of 52.5%. COHR delivered a trailing four-quarter earnings surprise of 6.2%, on average.
Trane Technologies zvýšila výhled na rok 2026 díky rekordnímu backlogu 12,1 mld. USD, který je zhruba o 70 % meziročně vyšší. Očekává hlášený růst tržeb o 11,5 % a upravený zisk na akcii 15,20 až 15,30 USD.
Key Takeaways Trane Technologies raised 2026 guidance as backlog hit a record $12.1B, up roughly 70% year over year.TT expects 11.5% reported revenue growth and adjusted continuing EPS of $15.20-$15.30 in 2026.TT's Q2 adjusted margin fell 60 bps to 19.7% as inflation and higher investment offset pricing and volume. Trane Technologies plc (TT - Free Report) raised its 2026 outlook after a second quarter marked by accelerating orders and record backlog. Commercial heating, ventilation and air conditioning (HVAC) demand remains the main driver, giving the company greater visibility into second-half revenues.
The question is whether that order strength can offset inflation, reinvestment and regional pressure. Management’s higher targets assume stronger revenue conversion in the second half while EMEA remains a drag on profitability.
TT’s Q2 Beat Reinforces Demand MomentumAdjusted earnings of $4.31 per share topped the Zacks Consensus Estimate by 0.9% and increased 11.1% year over year. Revenues of $6.35 billion beat the consensus mark by 2.9% and rose 10.6% from the prior-year quarter.
Image Source: Zacks Investment Research
Image Source: Zacks Investment Research
Organic bookings increased 37% and reported bookings rose 39% to $7.82 billion. The enterprise book-to-bill ratio reached 123%, with every operating segment above 100%, while backlog climbed to a record $12.1 billion, up roughly 70% year over year.
Trane’s Record Backlog Extends Revenue VisibilityAmericas Commercial HVAC bookings advanced 50%, including a 130% increase in applied equipment orders. The business exited the quarter with backlog up about 90%, supported by demand across data centers, schools, offices, warehouses and high-tech industrial projects.
Carrier Global Corporation (CARR - Free Report) is also investing in commercial HVAC and data-center thermal-management capabilities, making it a relevant reference point for cooling demand. Johnson Controls International plc (JCI - Free Report) provides commercial HVAC equipment and building automation systems, offering another industry read-through on building-efficiency spending.
TT Lifts 2026 Guidance After a Strong First HalfManagement now expects full-year reported revenue growth of approximately 11.5%, up from 9.5%, and organic revenue growth of roughly 9%, up from about 7%. Adjusted continuing earnings guidance increased to $15.20-$15.30 per share from $14.75-$14.95.
For the third quarter, Trane expects organic revenue growth of approximately 10% and adjusted earnings of about $4.70 per share. Management also projects second-half organic revenue growth of approximately 11.5%, supported by record backlog and accelerating Commercial HVAC revenues.
Trane’s Margin Pressure Tests the OutlookThe higher revenue outlook must convert through a tougher cost environment. Second-quarter adjusted operating margin declined 60 basis points to 19.7% as inflation and increased business investments more than offset volume growth and positive pricing.
Management expects price versus total inflation to remain unfavorable in the second half. EMEA adds another headwind, with the Middle East conflict expected to reduce second-half 2026 revenue by about $100 million and operating income by about $30 million, or roughly 10 cents per share.
TT’s Growth Signals Temper the Event TakeawayTT’s raised outlook is supported by record backlog and substantial order visibility, but the margin path remains the key execution test. Backlog supports the revenue-growth case, yet inflation, reinvestment and EMEA weakness could limit profit conversion.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
TT also has a Momentum Score of A, Growth Score of B, VGM Score of B and Value Score of D. The stronger momentum and growth characteristics are constructive, while the weaker value profile and Hold rank favor a measured stance rather than treating the guidance increase alone as a fresh buy signal.
Trane Technologies (TT - Free Report) came out with quarterly earnings of $4.31 per share, beating the Zacks Consensus Estimate of $4.27 per share. This compares to earnings of $3.88 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +0.94%. A quarter ago, it was expected that this manufacturer would post earnings of $2.53 per share when it actually produced earnings of $2.63, delivering a surprise of +3.95%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Trane Technologies, which belongs to the Zacks Technology Services industry, posted revenues of $6.35 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.86%. This compares to year-ago revenues of $5.75 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Trane Technologies shares have added about 14.8% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for Trane Technologies?While Trane Technologies has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Trane Technologies was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.55 on $6.33 billion in revenues for the coming quarter and $14.89 on $23.24 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Zeta Global Holdings (ZETA - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.
This cloud-based marketing technology company is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of +42.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Zeta Global Holdings' revenues are expected to be $420.25 million, up 36.3% from the year-ago quarter.
Trane Technologies má 30. července 2026 před otevřením trhu oznámit výsledky za 2. čtvrtletí 2026; tržby mají vzrůst o 7,5 % na 6,18 mld. USD a zisk na akcii o 10,1 % na 4,27 USD.
Key Takeaways Trane Technologies is expected to report Q2 2026 results on July 30 before the opening bell.TT's Q2 revenues are expected to rise on strong Americas HVAC demand and the Stellar Energy acquisition.TT has a 0.64% Earnings ESP and a Zacks Rank #3, signaling potential for an earnings beat. Trane Technologies plc (TT - Free Report) is set to report second-quarter 2026 earnings on July 30, before the opening bell.
The company’s earnings surprise history has been impressive. It surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an earnings surprise of 2.7%, on average.
Q2 Expectations for TTThe Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $6.18 billion, indicating a rise of 7.5% from the year-ago quarter's reported figure.
The Zacks Consensus Estimate for America's revenues is pegged at $5.21 billion, indicating an 11.1% increase from the year-ago figure. The consensus mark for revenues from the EMEA is pegged at $686.7 million, indicating a 3% year-over-year decline. For Asia Pacific, the consensus mark is pegged at $354.21 million, indicating a 2.3% increase from the year-ago figure.
Robust demand for innovative products and services across data centers, higher education, healthcare and government markets in the Commercial Heating, Ventilation, and Air Conditioning (HVAC) segment, especially in the Americas, is expected to have boosted the company’s top line in the June-end quarter of 2026. The recent acquisition of Stellar Energy, a provider of modular data center cooling solutions, is anticipated to have strengthened Trane Technologies' position in the fast-growing data center market.
The consensus estimate for earnings is pegged at $4.27 per share, implying year-over-year growth of 10.1%. We expect optimized operational execution, robust bookings and backlogs to have benefited the bottom line in the quarter.
What Our Model Says About TTOur proven model predicts an earnings beat for Trane Technologies this time around. A positive Earnings ESP combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Trane Technologies currently has an Earnings ESP of +0.64% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks to ConsiderHere are a few stocks from the broader Business Services sector, which, according to our model, also have the right combination of elements to beat on earnings this season.
Visa Inc. (V - Free Report) has an Earnings ESP of +0.12% and a Zacks Rank of 3. The company is scheduled to report its third-quarter fiscal 2026 results on July 28.
The Zacks Consensus Estimate for Visa’s third-quarter fiscal 2026 revenues is pegged at $11.37 billion, indicating year-over-year growth of 11.8%. For earnings, the consensus mark is pegged at $3.23 per share, implying an 8.4% increase from the year-ago quarter’s actual.
V beat the consensus estimate in each of the trailing four quarters, with the average earnings surprise being 3.2%.
TransUnion (TRU - Free Report) has an Earnings ESP of +0.73% and a Zacks Rank of 3. The company is scheduled to declare its second-quarter 2026 results on July 28.
The Zacks Consensus Estimate for TRU’s second-quarter 2026 revenues is pegged at $1.29 billion, indicating 13% year-over-year growth. The consensus estimate for earnings is pegged at $1.14 per share, implying a year-over-year increase of 5.6%.
TRU also surpassed the consensus estimate in each of the trailing four quarters, delivering an average earnings surprise of 6.3%.
Trane Technologies těží ze silné poptávky po komerčním HVAC; organické zakázky v 1. čtvrtletí 2026 meziročně vzrostly o 24 % a v Americe asi o 40 %.
Integrace Stellar Energy Americas přidala do backlogu téměř 1 miliardu USD.
Key Takeaways TT is benefiting from strong commercial HVAC demand and accelerating enterprise bookings growth.TT's Stellar Energy integration added nearly $1 billion to its backlog, boosting modular cooling leadership.TT continues returning capital through dividends and buybacks while maintaining strong liquidity. Shares of Trane Technologies plc (TT - Free Report) have had a decent run over the past three months. The stock has risen 3.8% compared with the industry's 6.6% growth. The Zacks S&P 500 composite rose 7.8% during the said time frame.
TT has a Growth Score of B. This style score condenses key financial metrics to reflect a fair sense of the quality and sustainability of its growth.
The company’s second-quarter 2026 earnings are expected to increase 9.5% year over year. Earnings for 2026 and 2027 are projected to rise 13.6% and 13.9% year over year, respectively. Revenues are expected to increase 9% in 2026 and 8.4% in 2027.
Factors That Bode Well for TTTrane Technologies benefits from robust demand for its customer-centric solutions, especially commercial HVAC. Rising global energy demand and the need for high-performance buildings support strong long-term growth for the company. TT is driving growth by catering to this demand with its energy-efficient HVAC systems, smart controls and sustainable climate solutions. TT reported that enterprise organic bookings growth was 24% year over year in the first quarter of 2026. Commercial HVAC bookings in the Americas rose approximately 40% year over year during the same period.
The company is also driving growth from rising data center demand as clients build out specialized cooling and infrastructure to power the rapid growth of artificial intelligence (AI) and cloud computing. During the latest quarterly earnings conference, management stated that the February 2026 integration of Stellar Energy Americas, Inc. boosted the backlog by nearly $1 billion and solidified Trane Technologies’ market leadership in the rapidly expanding modular cooling sector.
The company has demonstrated a strong commitment to its shareholders through consistent dividend payments and share repurchases, despite the fluctuations in its cash position. TT paid dividends of $683.7 million, $757.5 million and $837.3 million, while repurchasing shares worth $669.3 million, $1.3 billion and $1.5 billion in 2023, 2024 and 2025, respectively. This consistency underscores its dedication to creating long-term value for investors.
TT had a current ratio (a measure of liquidity) of 1.1 in the first quarter of 2026, which improved marginally from the preceding quarter's 1.09 due to an increase in cash reserves. A current ratio above 1 enables the company to pay off short-term obligations efficiently.
Key Risks to WatchTrane Technologies relies on its supply chain for essential commodities, mainly steel and non-ferrous metals. Thus, rising commodity prices, such as steel costs, can inflate expenses, squeeze profit margins and erode revenues and cash flow.
Global technology service providers operate in a fiercely competitive landscape. TT faces stiff competition in the HVAC market from firms such as Honeywell International, Siemens and Carrier. This competition fuels innovation across the industry while driving pricing pressures. Ongoing technology investments increase the challenge of maintaining profitability while competing for growth.
Trane Technologies currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks to ConsiderA couple of better-ranked stocks in the Technology Services industry are Coherent Corp. (COHR - Free Report) and V2X, Inc. (VVX - Free Report) .
Coherent Corp. sports a Zacks Rank #1 at present. It has a long-term earnings growth expectation of 46.8%. COHR’s earnings beat estimates in three of the last four reported quarters and matched once, with an average surprise of 6.2%.
V2X, Inc. also flaunts a Zacks Rank of 1 at present. It has a long-term earnings growth expectation of 20.4%. VVX delivered a trailing four-quarter earnings surprise of 22.8%, on average.
