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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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