Trinity Industries Raises 2024 Guidance: Now Expects EPS To $1.70-$1.80 (Prior $1.55-$1.75) Vs. $1.75 Estimate; Sees Industry Deliveries Of ~40,000 Railcars
Portfolio Pulse from Benzinga Newsdesk
Trinity Industries has raised its 2024 earnings per share (EPS) guidance to a range of $1.70-$1.80, up from the previous range of $1.55-$1.75. This adjustment is in response to expected industry deliveries of approximately 40,000 railcars.
October 31, 2024 | 10:58 am
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Trinity Industries has increased its 2024 EPS guidance to $1.70-$1.80, indicating a positive outlook due to anticipated industry deliveries of around 40,000 railcars.
The increase in EPS guidance suggests that Trinity Industries is expecting better financial performance than previously anticipated. This is likely due to a positive outlook on railcar deliveries, which is a core part of their business. The market generally reacts positively to upward revisions in earnings guidance, which could lead to a short-term increase in TRN's stock price.
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