Stock Analysis
- United States
- /
- Trade Distributors
- /
- NYSE:GATX
GATX Second Quarter 2024 Earnings: EPS Misses Expectations
GATX (NYSE:GATX) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$386.7m (up 13% from 2Q 2023).
- Net income: US$44.4m (down 28% from 2Q 2023).
- Profit margin: 12% (down from 18% in 2Q 2023).
- EPS: US$1.24 (down from US$1.74 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GATX EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%.
Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Trade Distributors industry in the US.
Performance of the American Trade Distributors industry.
The company's shares are down 9.1% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for GATX you should be aware of, and 1 of them is concerning.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About NYSE:GATX
GATX
Together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India.
Average dividend payer with acceptable track record.