Greenbrier rises on better-than-expected results

The Greenbrier Companies

05/04/2024 14:09

** Shares of railcar manufacturer Greenbrier Companies  
 GBX.N  rise 5% to $55 premarket
    ** Q2 revenue of $862.7 mln beats analysts' estimates of
$843.3 mln and earnings per share of $1.03 top expectations of
$0.86 - LSEG
     ** Projects FY24 revenue to be in a range of $3.5 bln -
$3.7 bln vs estimates of $3.52 bln
    ** Received 5,900 new railcar orders in the quarter, taking
backlog to 29,200 units with an estimated value of $3.6 billion 
  
    ** 3 of 5 brokerages rate the stock "buy" or higher, 1
"hold" and 1 "sell"; their median PT is $54.50
    ** YTD, GBX up 18.61%

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.parmar@thomsonreuters.com))