Greenbrier (GBX) Reports Earnings Tomorrow: What To Expect

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Rail transportation company Greenbrier (NYSE: GBX) will be reporting earnings tomorrow after the bell. Here’s what to expect.

Greenbrier met analysts’ revenue expectations last quarter, reporting revenues of $1.05 billion, up 3.5% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EPS estimates but a significant miss of analysts’ sales volume estimates.

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

This quarter, analysts are expecting Greenbrier’s revenue to grow 5% year on year to $849.5 million, in line with the 5.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.16 per share.

Greenbrier 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. Greenbrier has missed Wall Street’s revenue estimates twice over the last two years.

With Greenbrier being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for heavy machinery stocks. However, the whole sector has faced a sell-off over the last month with stocks in Greenbrier’s peer group down 5.7% on average. Greenbrier is down 7.6% during the same time and is heading into earnings with an average analyst price target of $62.50 (compared to the current share price of $61.77).

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