Gatx Corp Reports Results For The Quarter Ended In September 30: Earnings Summary

GATX

22/10/2024 14:37

* GATX Corp  GATX.N  reported quarterly adjusted earnings of
$2.50​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $1.44.  The mean expectation of two analysts for the quarter
was for earnings of $1.85 per share. Wall Street expected
results to range from $1.79  to $1.91 per share.
    * Revenue rose 12.6% to $405.40 million from a year ago;
analysts
expected $391.65 million. 
    * GATX Corp's reported EPS for the quarter was $2.43​.
    * The company reported quarterly net income of $89 million.
    * GATX Corp shares had fallen by 1.1% this quarter and
gained 9.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
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
$144.00 
This summary was machine generated from LSEG data October 22 at
01:37 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
 Sep. 30 2024      1.85           2.50           Beat
 Jun. 30 2024      1.78           1.43           Missed
 Mar. 31 2024      1.76           2.01           Beat
 Jan. 1 0001       1.58           1.74           Beat