GATX: Q3 Earnings Insights

GATX GATX reported its Q3 earnings results on Tuesday, October 25, 2022 at 08:30 AM.

Here's what investors need to know about the announcement.

Earnings

GATX missed estimated earnings by 8.2%, reporting an EPS of $1.12 versus an estimate of $1.22.

Revenue was up $7.50 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.04 which was followed by a 1.6% drop in the share price the next day.

Here's a look at GATX's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 1.11 1.39 1.02 1.07
EPS Actual 1.07 2.34 1.58 1.11
Revenue Estimate 323.93M 323.00M 318.72M 315.72M
Revenue Actual 312.70M 316.60M 321.00M 313.50M

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 $6.0 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.

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