Trane Technologies (TT) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $4.86
- Estimate
- $4.74
- Surprise
- +2.6%
- Revenue (period 2026-09-30)
- $6.76B
- Score at report (before → after)
- 5.2 → 5.3/10
Revenue source: xbrl.
How the report landed
Trane Technologies (TT) beat the $4.74 estimate with adjusted EPS of $4.86 — a modest 2.6% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.2/10) to Sell at 5.3/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates TT Sell at 5.3/10.
4 of the last 4 quarters beat the estimate; this quarter's +2.6% surprise compares with a +2.3% four-quarter average.
What supports the rating
- Strong earnings beat streak (4/4)
- Wide economic moat
What argues against it
- Sector modifier (Industrials): -0.7
- Negative momentum
- Momentum score 3.3/10 — below 4.5 minimum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $431.10
- Price target
- $476.05
- Stop
- $400.92
- Upside to target
- +10.4%
- Reward-to-risk
- 1.4:1
The stock trades at 32.1× trailing but 24.3× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: trading volume is running 2.0× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-30 — shown for context, not personalized investment advice.
TT at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Building Products & Equipment
- Market cap
- $94.85B
- P/E (fwd)
- 24.3
- P/E (ttm)
- 32.1
- 52-week range
- $348.06–$505.87
- Off 52-week high
- 14.8%
- RSI (14)
- 30
- Volume vs avg
- 2.02×
- Score today
- 5.3/10