Earnings from Trinity Industries Inc. [TRN] are scheduled on April 22, 2021, before the market opens. It is expected that the company will report weak earnings for the quarter ending Mar 2021.
TRN Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.08 per share on revenue of $426.4M. Taking a look at the future, the company is projected to report revenue of $444.06M at an earnings per share of $0.14 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 21.90% in revenue and 73.94% in earnings per share for the company.
TRN Stock Earnings Forecast For The Current Year
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For the full financial year, Trinity Industries Inc. [NYSE:TRN] is forecasted to generate revenue of $1.9B. The figure is about $-100.0 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.64 in 2021, which is $0.27 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 73.00% this year, 73.40% next year, and 10.00% annually over the next five years. With regard to sales, forecasts suggest a decline of -5.10% in current fiscal year and 21.90% over following year.
TRN Stock Price Performance
At the close of Wednesday’s session, Trinity Industries Inc. [NYSE:TRN] finished up 3.02% at $28.29. The stock’s highest single-day price was $28.34, and its lowest was $27.10. Its price fall -1.50% in the last five days. Since the beginning of the year, Trinity Industries Inc.’s shares are up nearly 7.20%. However, the share price is -16.23% below its one year high. The top price reached by the shares of the company was $33.77 on 03/01/21, while the 52-week low came on 01/04/21, when the shares were $26.03. In the past year, shares of the company have risen 78.60%. At 50 days, the moving average achieved is $29.62 while at 200 days, the moving average is $24.37. There were 0.71 million shares traded in the last session, down from 1.06 million in the previous session.
Trinity Industries Inc. [NYSE:TRN] Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 1.56 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.11 for the industry, which means TRN offers an unattractive investment opportunity than its competitors do.
TRN Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 28.29 level, and the violation of this level will cause a further drop to 27.48 level. At the upper end, 29.96 remains a key resistance. As the stock increases, it may find resistance at 29.15. In the 14-day chart, the Relative Strength Index standing at 47.01 suggests a technical neutral stance while the MACD standing at -0.44 indicates price will decrease in the next trading period. Stochastic %K at 43.64% suggests holding the stock while Percent R indicator at 44.65% suggests low price movement.
How much is the short interest in Trinity Industries Inc.?
There have been a drop in short interest in the Trinity Industries Inc. Financial stock, with short interest up by 80000.0 shares to 8.17 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 8.25 million shares. This -0.98% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 11.18% of the overall float in the stock, while the stock’s days to cover moved to 8.25.
How do analysts view Trinity Industries Inc.?
In regard to the share price forecast for Trinity Industries Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $31.89 in the next twelve months, representing almost an 11.29% growth from its recent price of $28.29. Among Trinity Industries Inc. stock projections, $35.00 is the highest analyst target for the stock, while $28.00 is the lowest. Despite this, 6 analysts who share their consensus rating for TRN in 2021 agree that the stock is an Overweight. The latest rating change took place on 1/05/21, when GLJ Research Ratings upgraded the stock from “Sell” to “Buy.”