Trinity Industries Inc reports results for the quarter ended June 30 - Earnings Summary

• Trinity Industries Inc TRN.N reported quarterly adjusted earnings of 17 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 66 cents. The mean expectation of two analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 27 cents to 29 cents per share.

• Revenue fell 39.8% to $506.20 million from a year ago; analysts expected $600.53 million.

• Trinity Industries Inc's reported EPS for the quarter was 17 cents​.

• The company reported quarterly net income of $14.1 million.

• Trinity Industries Inc shares had fallen by 7.5% this quarter and lost 28.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."

• Wall Street's median 12-month price target for Trinity Industries Inc is $26.50, about 5.7% above its last closing price of $24.98

This summary was machine generated from LSEG data July 31 at 02:57 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)