Earnings Preview: Trinity Industries

Trinity Industries (TRN) is expected to report Q2 earnings after market close Wednesday, July 30, with a conference call scheduled for Thursday, July 1 at 11:00 a.m. ET.

Guidance

Analysts are looking for EPS of 86c on revenue of $957.63M. The consensus range is 79c to 90c for EPS, and $919M to $994.2M for revenue, according to First Call. In Q1 the company beat analysts estimates for EPS and revenue, and gave guidance for Q2 and FY08 EPS. Trinity Industries expects Q2 EPS of 85c to 90c vs. consensus of 86c. The company expects FY08 EPS $3.20 of $3.45 vs. consensus of $3.36.

Analyst Views

Stock guru Jim Cramer stated over the past quarter that, "wind power is the cheapest form of renewable energy out there." A longtime bull of the wind power business, Cramer cited a recent report stating that 30% of our nation's energy could be derived by wind power by 2040. He reiterated past recommendations of both Trinity Industries and Otter Tail (OTTR) as the best stocks to own. Investors will be interested to see if the company will outperform again in Q2.