
Railcar products and services provider Trinity (NYSE: TRN) will be reporting results this Thursday before market open. Here’s what investors should know.
Trinity missed analysts’ revenue expectations by 14.7% last quarter, reporting revenues of $454.1 million, down 43.2% year on year. It was a strong quarter for the company, with full-year EPS guidance exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.
Is Trinity a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Trinity’s revenue to decline 9.4% year on year to $570.5 million, improving from the 21.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.30 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Trinity has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Trinity’s peers in the heavy transportation equipment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Greenbrier’s revenues decreased 19.4% year on year, beating analysts’ expectations by 7.7%, and PACCAR reported a revenue decline of 13.7%, topping estimates by 2.5%. Greenbrier traded down 10.3% following the results while PACCAR’s stock price was unchanged.
Read our full analysis of Greenbrier’s results here and PACCAR’s results here.
There has been positive sentiment among investors in the heavy transportation equipment segment, with share prices up 8.6% on average over the last month. Trinity is up 10% during the same time and is heading into earnings with an average analyst price target of $28.50 (compared to the current share price of $31.10).
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