Trinity Industries Raises 2024 Guidance: Now Expects EPS Of $1.55 to $1.75 (Prior $1.35-$1.55) Vs. $1.51 Estimate; Sees Industry Deliveries Of ~40,000 Railcars
Portfolio Pulse from Benzinga Newsdesk
Trinity Industries has raised its 2024 guidance, now expecting EPS of $1.55 to $1.75, up from the prior $1.35 to $1.55, and above the $1.51 estimate. The company also anticipates industry deliveries of approximately 40,000 railcars.
August 01, 2024 | 11:07 am
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Trinity Industries has increased its 2024 EPS guidance to $1.55-$1.75, surpassing the previous range and the $1.51 estimate. The company also projects industry deliveries of around 40,000 railcars.
The raised EPS guidance and positive outlook on industry deliveries are likely to boost investor confidence and positively impact TRN's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100