Greenbrier tracking biggest gain in a decade on EPS beat, strong outlook

The Greenbrier Companies

27/10/2022 17:58

** Greenbrier Companies Inc's  GBX.N  shares up 18.0% at
$32.57 on Thurs after railcar maker's qtrly results, forecast
top expectations
    ** Shares on track for biggest one-day pct gain since Nov
13, 2012, if gains hold above 17%
    ** GBX reports fiscal Q4 adj EPS of 60 cents on rev of ~$951
mln, 59% yr/yr increase vs Refinitiv IBES consensus estimates of
43 cents profit and $779 mln of rev
    ** Co expects 2023 deliveries of 22,000-26,000 units and rev
of $3.2-$3.6 bln, above avg analysts' estimate of $3.03 bln
    ** Avg rating among 6 analysts covering GBX is "buy" with
$33 median PT, per Refinitiv
    ** With move on the session, stock down 29% YTD vs S&P
SmallCap Machinery index's  .SPSMCMAC  ~7% decline
 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))