This story originally appeared on Zacks
Triton International (TRTN) closed the last trading day at $61.20, up -1.8% from the previous trading session. That change was narrower than the S&P 500’s loss of 1.94% today. Meanwhile, the Dow Jones lost 1.07%, and the tech-heavy Nasdaq lost 0.39%.
Ahead of today’s trading, shares of the shipping container leasing company are up 4.85% over the past month. This delayed the transportation sector’s 5.57% gain and the S&P 500’s 5.72% gain in that time.
Triton International will be looking to show strength as it nears its next earnings release. On that day, Triton International is expected to report earnings of $2.57 per share, representing annual growth of 51.18%. Our latest consensus estimate calls for quarterly revenue of $413.72 million, an increase of 22.66% over the same period last year.
Investors may also note recent changes in analyst estimates for Triton International. These reviews usually reflect the latest short-term business trends, which can change frequently. With this in mind, we can take the positive rating reviews as a sign of optimism about the company’s business outlook.
Based on our research, we believe that these discretionary reviews are directly related to stock movements close to the team. To take advantage of this, we have developed Zacks Rank, a proprietary model that takes these discretionary changes into account and provides an actionable ranking system.
Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank system has an impressive externally audited track record of outperforming, with the #1 stocks delivering a +25% average annual return since 1988. Within during For the past 30 days, our EPS-in-line forecast has remained stagnant. Triton International has a Zacks rating of 3rd (Hold) at the moment.
Valuation is also important, so investors should note that Triton International has a forward P/E ratio of 6.64 at the moment. This is a discount compared to the industry’s average forward P/E of 13.5.
We can also see that TRTN currently has a PEG ratio of 0.66. This metric is used similarly to the popular P/E ratio, but the PEG ratio also takes into account the expected earnings growth rate for the stock. Transportation – Equipment and rental stocks have, on average, a PEG ratio of 1.11 based on yesterday’s closing prices.
The transportation industry – equipment and leasing is part of the transportation sector. This group has a Zacks Industry Rating of 39, placing it in the top 16% of all 250+ industries.
The Zacks Industry Ranking measures the strength of our individual industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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