Trane Technologies Raises FY23 Outlook, Sees Adj. EPS To $9.00 (From $8.80 To $8.90) Vs $8.87 Est.; Expects Revenue Growth Of 10%-11% Vs. ~10% Prior
Portfolio Pulse from Benzinga Newsdesk
Trane Technologies has raised its FY23 outlook, expecting an adjusted EPS of $9.00, up from the previous range of $8.80 to $8.90, and above the estimated $8.87. The company also anticipates revenue growth of 10%-11%, up from the prior estimate of around 10%. Organic revenue growth for FY23 is expected to be 8%-9% compared to full-year 2022.
November 01, 2023 | 10:17 am
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Trane Technologies has raised its FY23 outlook, which could positively impact its stock price. The company expects an adjusted EPS of $9.00, higher than the estimated $8.87, and anticipates a revenue growth of 10%-11%, up from the prior estimate of around 10%.
Trane Technologies' raised FY23 outlook indicates strong future performance, which is likely to be viewed positively by investors. The higher than estimated EPS and increased revenue growth expectations could drive the stock price up in the short term.
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