FreightCar America Inc reports results for the quarter ended in June - Earnings Summary

Freightcar America

13/08/2024 02:44

* FreightCar America Inc  RAIL.OQ  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 2 cents.  The lone analyst forecast for the
quarter was for earnings of 5 cents per share. 
    * Revenue rose 66.4% to $147.42 million from a year ago;
analysts
expected $127.10 million. 
    * FreightCar America Inc's reported EPS for the quarter was
11
cents​.
    * The company reported quarterly net income of $8.18
million.
    * FreightCar America Inc shares had fallen by 3.2% this
quarter and gained 25.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 42.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "buy"

Wall Street's median 12-month price target for FreightCar
America Inc is $4.50 
This summary was machine generated from LSEG data August 13 at
01:44 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.05           0.05           Met
 Mar. 31 2024      0.02           0.02           Met
 Dec. 31 2023      -0.01          -0.07          Missed
 Sep. 30 2023      -0.03          -0.14          Missed