This story originally appeared on Zacks
Triton International (TRTN) closed the most recent trading day at $ 61.10, moving + 0.31% from the previous trading session. This change surpassed the S&P 500’s loss of 0.37% on the day.
Today, shares of the cargo container rental company lost 1.36% in the past month. At the same time, the transport sector lost 4.46%, while the S&P 500 lost 6.01%.
Triton International will try hard to show as it approaches its next earnings release. On that day, Triton International will report earnings of $ 2.57 per share, representing a 51.18% year-on-year growth. Meanwhile, the Zacks consensus estimate for revenue net sales is $ 413.72 million, 22.66% higher than the year ago.
Any recent changes to analyst estimates for Triton International should also be noted by investors. These reviews typically reflect the latest short-term business trends, which may change frequently. With that in mind, we can view positive rating reviews as a sign of optimism about the company’s business prospects.
Our research shows that these estimate changes are directly correlated with short-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimation changes into account and delivers a clear, feasible rating model.
The Zacks Rank system ranges from # 1 (Strong Buy) to # 5 (Strong Sell). It has a remarkable, unaudited record of success, with # 1 equities delivering an average annual return of + 25% since 1988. Within the last 30 days, our consensus EPS projection has remained stagnant. Triton International currently has a Zacks ranking of # 3 (Like).
In terms of valuation, Triton International is currently trading at a forward P / E ratio of 6.49. This valuation indicates a discount compared to its industry’s average Forward P / E of 13.11.
Meanwhile, TRTN’s PEG ratio is currently 0.65. The PEG ratio is similar to the widely used P / E ratio, but this measure also takes into account the company’s expected earnings growth rate. The Transport – Equipment and Leasing maintained an average PEG ratio of 1.03 at yesterday’s closing price.
The Transport – Equipment and Rental industry is part of the transport sector. This group has a Zacks Industry Rank of 60, which places it in the top 24% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TRTN in the upcoming trading sessions, be sure to use Zacks.com.
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