Triton International (TRTN) Gaining Market But Lags Behind: What You Need To Know

ILast trading session, Triton International (TRTN) closed at $66.54, marking a +0.05% move from the previous day. That move lagged the S&P 500’s 1.17% daily gain. Meanwhile, the Dow Jones gained 0.8% and the Nasdaq, a technology-heavy index, added 0.18%.

Prior to today’s session, shares of the shipping container leasing company had gained 1.29% in the past month. This was lower than the transportation sector’s 2.14% gain and topped the S&P 500’s 0.88% gain during this period.

Wall Street will be looking for positivity from Triton International as its next earnings release date approaches. The company is expected to post EPS of $2.63, up 37.7% from the prior year quarter. Meanwhile, Zacks consensus estimate for revenue calls for net sales of $416.93 million, up 20.24% from the prior year period.

For the full year, our Zacks consensus estimates call for earnings of $10.66 per share and revenue of $1.71 billion, which would represent changes of +16.38% and +11, 78%, respectively, compared to the previous year.

It is also important to note recent changes to analyst estimates for Triton International. These revisions generally reflect the latest short-term trading trends, which may change frequently. With this in mind, we can view positive estimate revisions as a sign of optimism about the company’s business prospects.

Research indicates that these revisions to estimates are directly correlated to near-term stock price dynamics. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes into account these estimation changes and provides an actionable rating system.

The Zacks ranking system ranges from #1 (strong buy) to #5 (strong sell). It has a remarkable, externally audited track record of success, with No. 1 stocks delivering an average annual return of +25% since 1988. Zacks Consensus’ EPS estimate has remained flat over the past month. Triton International currently sports a Zacks rank of #2 (buy).

Valuation is also important, so investors should note that Triton International has a Forward P/E ratio of 6.24 at this time. This valuation marks a discount to the average Forward P/E of its sector of 12.99.

Meanwhile, TRTN’s PEG ratio is currently 0.62. This popular measure is similar to the widely known P/E ratio, except that the PEG ratio also takes into account the company’s expected earnings growth rate. The transportation industry – equipment and rental currently had an average PEG ratio of 1.18 at yesterday’s close.

The Transportation – Equipment and Rental industry is part of the Transportation sector. This group has a Zacks Industry ranking of 47, which places it in the top 19% of over 250 industries.

The Zacks Industry Rankings are ranked from best to worst in terms of the average Zacks Ranking of individual companies in each of these industries. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and more, at Zacks.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.