GATX Q2 Adj $1.43 Misses $1.77 Estimate, Sales $386.70M Beat $385.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
GATX (NYSE:GATX) reported Q2 earnings of $1.43 per share, missing the analyst estimate of $1.77 by 19.21%. However, sales of $386.70M beat the estimate of $385.45M. Earnings decreased by 17.34% YoY, while sales increased by 12.67% YoY.
July 23, 2024 | 12:32 pm
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NEGATIVE IMPACT
GATX reported Q2 earnings of $1.43 per share, missing the analyst estimate of $1.77 by 19.21%. Sales of $386.70M beat the estimate of $385.45M. Earnings decreased by 17.34% YoY, while sales increased by 12.67% YoY.
The significant miss on earnings per share (EPS) is likely to negatively impact GATX's stock price in the short term, despite the slight beat on sales. The YoY decrease in earnings further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100