GATX GATX reported its Q2 earnings results on Thursday, July 21, 2022 at 08:30 AM.
Here's what investors need to know about the announcement.
Earnings
GATX missed estimated earnings by 3.6%, reporting an EPS of $1.07 versus an estimate of $1.11.
Revenue was down $4.40 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.95 which was followed by a 2.09% drop in the share price the next day.
Here's a look at GATX's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 1.39 | 1.02 | 1.07 | 1.02 |
EPS Actual | 2.34 | 1.58 | 1.11 | 1.35 |
Revenue Estimate | 323.00M | 318.72M | 315.72M | 312.75M |
Revenue Actual | 316.60M | 321.00M | 313.50M | 317.10M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
GATX management provided guidance for FY 2022, expecting earnings between $5.6 and $6.0 per share.
To track all earnings releases for GATX visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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