Railcar products and services provider Trinity (NYSE:TRN) will be reporting results tomorrow before market open. Here’s what you need to know.

Trinity beat analysts’ revenue expectations by 6.8% last quarter, reporting revenues of $629.4 million, down 21.1% year on year. It was an exceptional quarter for the company, with full-year EPS guidance exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.

Is Trinity a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Trinity’s revenue to decline 23.4% year on year to $619.9 million, a reversal from the 26.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.33 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Trinity has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Trinity’s peers in the heavy transportation equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Shyft delivered year-on-year revenue growth of 3.4%, beating analysts’ expectations by 2.8%, and Wabtec reported revenues up 4.5%, falling short of estimates by 0.8%. Shyft traded up 18.1% following the results while Wabtec was also up 8%.

Read our full analysis of Shyft’s results here and Wabtec’s results here.

Investors in the heavy transportation equipment segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. Trinity is down 10.9% during the same time and is heading into earnings with an average analyst price target of $27.50 (compared to the current share price of $25.05).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.