Why Greenbrier Companies Stock Is Shooting Higher Today
Portfolio Pulse from Shivani Kumaresan
Greenbrier Companies Inc (NYSE:GBX) reported Q3 FY23 sales growth of 30.8% YoY to $1.04 billion, beating the analyst consensus. Adjusted EPS of $1.02 also beat the consensus of $0.58. The company recorded new railcar orders for 4,600 units valued at $650 million, and deliveries of 6,600 units. The board increased the quarterly dividend by 11% to $0.30 per share and repurchased 1.2 million shares of stock for $32 million. Greenbrier raised its FY23 revenue outlook to $3.8 billion – $3.90 billion.
June 29, 2023 | 11:37 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Greenbrier Companies reported strong Q3 FY23 results, beating analyst consensus on sales and EPS. The company also raised its FY23 revenue outlook, which could positively impact the stock.
Greenbrier Companies reported strong Q3 FY23 results, with sales growth of 30.8% YoY and adjusted EPS beating analyst consensus. The company also raised its FY23 revenue outlook, which indicates confidence in future performance. This positive financial performance and outlook could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100