Will Trinity Industries (TRN) Disappoint In Q2 Earnings?
Zacks Investment Research | Jul 20, 2017 10:17PM ET
Dallas, TX-based Trinity Industries Inc. (NYSE:TRN) provides products and services to the energy, transportation, chemical and construction sectors, across the globe. The company is scheduled to report second-quarter 2017 results on Jul 25, after market close.
In the first quarter of 2017, the company had delivered a positive earnings surprise of 7.14%. Moreover, its earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 16.62%. Let’s see how things are shaping up for this announcement.
Factors Likely at Play
We expect Trinity Industries to continue struggling on the top-line front in the to-be-reported quarter just like the previous quarter. Weak market conditions as well as sluggish demand for railcars are expected to weigh on the results this quarter. High costs and adverse foreign currency movement may also prove to be detrimental.
In fact, the Rail Group segment that recorded disastrous results in the first quarter, is expected to continue its poor run in the second quarter as well. Also, the Inland Barge Group might come up with a below-par performance, mainly due to lower barge deliveries and changes in product mix.
Additionally, the Energy Equipment Group might perform poorly in the quarter mainly due to lower delivery volumes. However, the company’s efforts to reward shareholders are encouraging. During the second quarter, the company also increased its quarterly dividend by 18%.
Trinity Industries, Inc. Price and EPS Surprise
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