GATX Q1 2024 Adj EPS $2.01 Beats $1.76 Estimate, Sales $379.900M Beat $375.800M Estimate
Portfolio Pulse from Benzinga Newsdesk
GATX reported Q1 2024 adjusted earnings of $2.01 per share, surpassing the consensus estimate of $1.76. Sales reached $379.9M, exceeding estimates of $375.8M and marking a 12.10% increase from the previous year.
April 23, 2024 | 12:32 pm
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GATX exceeded Q1 2024 earnings and sales forecasts, with adjusted EPS of $2.01 and sales of $379.9M, indicating strong financial performance.
GATX's reported earnings and sales not only surpassed analyst expectations but also showed significant year-over-year growth. This positive earnings surprise and sales performance are likely to instill investor confidence and could lead to a short-term uptick in GATX's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100