Gatx Corp Reports Results For The Quarter Ended In June: Earnings Summary

GATX

23/07/2024 14:32

* GATX Corp  GATX.N  reported quarterly adjusted earnings of
$1.43​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $1.73. 
The mean expectation of two analysts for the quarter was
for earnings of $1.78 per share. Wall Street expected results to
range from $1.77  to $1.78 per share.
    * Revenue rose 12.7% to $386.70 million from a year ago;
analysts
expected $385.45 million. 
    * GATX Corp's reported EPS for the quarter was $1.21​.
    * The company reported quarterly net income of $44.4
million.
    * GATX Corp shares had risen by 9.8% this quarter and
gained 20.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
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," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the corporate
financial
services peer group is also "buy"

Wall Street's median 12-month price target for GATX Corp is
$135.00 
This summary was machine generated from LSEG data July 23 at
01:30 p.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      1.78           1.43           Missed
 Mar. 31 2024      1.76           2.01           Beat
 Dec. 31 2023      1.58           1.74           Beat
 Sep. 30 2023      1.47           1.44           Missed