How did TRN's Q1 2025 EPS forecast compare to past trends?

Trinity Industries' (TRN) Q1 2025 EPS forecast is $1.50 to $1.80, which represents a decrease from the company's 2024 full-year adjusted EPS of $1.82. This suggests that the company expects a decline in earnings in the upcoming quarter compared to the strong performance of the previous year. 1. **Comparison to 2024 Performance**: The EPS guidance for Q1 2025 is significantly lower than the adjusted EPS of $1.82 reported for Q4 2024. This indicates a potential downturn in earnings, which could be due to various factors such as industry deliveries expected to decrease by approximately 20%, or uncertainty around tariffs affecting investment decisions. 2. **Industry Trends**: The forecast also reflects broader industry trends. For instance, industry deliveries are expected to decrease, which could lead to lower demand for TRN's services and potentially impact earnings. Additionally, the company's cautious outlook for 2025, as indicated by the earnings call, suggests that challenges such as tariffs and market uncertainty may persist. In conclusion, Trinity Industries' Q1 2025 EPS forecast is lower than its recent past performance, reflecting a challenging environment for the company. The forecast falls short of the 2024 full-year adjusted EPS, indicating a potential decline in earnings for the upcoming quarter.