GATX Q3 Adj. EPS $1.44 Misses $1.47 Estimate, Sales $360.10M Beat $344.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
GATX reported Q3 adjusted earnings of $1.44 per share, missing the analyst consensus estimate of $1.47 by 2.04%. However, this is a 28.57% increase over earnings of $1.12 per share from the same period last year. The company also reported quarterly sales of $360.10 million, beating the analyst consensus estimate of $344.02 million by 4.67%. This is a 12.18% increase over sales of $321.00 million the same period last year.

October 24, 2023 | 12:32 pm
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NEUTRAL IMPACT
GATX's Q3 earnings missed estimates but showed a YoY increase. Sales beat estimates and also showed a YoY increase.
While GATX missed earnings estimates, the YoY growth in both earnings and sales could be seen as a positive sign by investors. However, the missed earnings estimate could also cause some concern, leading to a neutral short term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100