GATX (GATX) To Report Earnings Tomorrow: Here Is What To Expect

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GATX Cover Image

Leasing services company GATX (NYSE: GATX) will be announcing earnings results tomorrow morning. Here’s what to look for.

GATX beat analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $413.5 million, up 12.2% year on year. It was a strong quarter for the company, with full-year EPS guidance exceeding analysts’ expectations.

Is GATX a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting GATX’s revenue to grow 9.8% year on year to $417.1 million, slowing from the 12.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.09 per share.

GATX Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. GATX has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2% on average.

Looking at GATX’s peers in the industrial distributors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Richardson Electronics delivered year-on-year revenue growth of 2.7%, missing analysts’ expectations by 1.7%, and Fastenal reported revenues up 3.4%, in line with consensus estimates. Richardson Electronics traded down 17.2% following the results while Fastenal was up 7.3%.

Read our full analysis of Richardson Electronics’s results here and Fastenal’s results here.


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