Greenbrier surges after Q1 profit tops estimates

The Greenbrier Companies

05/01/2024 15:55

** Shares of Greenbrier Companies  GBX.N  up 10.5% at $48.99
on Fri and railroad equipment maker is top performer in the S&P
1500 index  .SPSUP  on the session after Q1 results beat analyst
estimates
  ** GBX reached as high as $50.76. Stock on track for biggest
daily pct gain since June 2023 and at highest level since April
2022
  ** Co reported adj EPS of $0.96 vs avg analyst estimate of
$0.73 although revenue of $808.8 million missed avg estimate of
$849.9 million
  ** Median PT of 6 analysts covering GBX is $46, unchanged from
a month ago, and their current avg recommendation is "buy", per
LSEG data
  ** GBX gained ~32% in 2023

 (Reporting by Chibuike Oguh in New York)
 ((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters
Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))