Railcar leasing firm GATX Q2 revenue rises, but misses estimates
Railcar leasing firm GATX Q2 revenue rises, but misses estimates
Overview
US transportation asset lessor's Q2 revenue missed analyst expectations
Adjusted EPS for Q2 rose to $2.84, with no analyst consensus available
Outlook
GATX raises 2026 full-year earnings guidance to $9.90–$10.30 per diluted share
Company cites favorable supply-demand dynamics in North American rail market
GATX says demand for aircraft spare engines remains strong
Result Drivers
ASSET DISPOSITIONS - Higher gains on asset sales contributed to Q2 results
RAIL DEMAND & UTILIZATION - High fleet utilization and stable demand supported Rail North America performance
ENGINE LEASING - Segment profit rose on strong performance at Rolls-Royce and Partners Finance affiliates
Company press release: ID:nBw1DF8gsa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $580.10 mln | $598.77 mln (4 Analysts) |
Q2 EPS |
| $2.84 |
|
Q2 Net Income |
| $111 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the corporate financial services peer group is "buy"
Wall Street's median 12-month price target for GATX Corp is $218.00, about 20% above its July 29 closing price of $181.62
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago
Reuters Recommended Reads
July 29 - Ireland's AerCap Q2 adjusted EPS beats on asset sales
July 30 - Trinity Industries Q2 profit jumps on railcar partnership gain
July 30 - UK's Rolls-Royce beats H1 revenue and EBIT estimates, raises 2026 outlook
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)