Earnings Preview: Trinity Industries

Trinity Industries (TRN) is expected to report Q3 earnings after market close Wednesday, October 29, with a conference call scheduled for Thursday, October 30 at 11:00 am.

Guidance

Analysts are looking for EPS of 92c on revenue of $1.02B. The consensus range is 80c to $1.00 for EPS, and $958.6M to $1.06B for revenue, according to First Call. Trinity gave Q3 and FY08 EPS guidance when it reported its Q2 earnings results. The company expects Q3 EPS of 91c to 96c vs. consensus 92c, and FY08 EPS of $3.45 to $3.55 vs. consensus $3.45.

Analyst Views

After the company repurchased 1.99M of its own shares earlier this month, Gabelli reiterated their Buy rating. The firm believes concerns about Trinity are more than accounted for in its share price.