Rail transportation company Greenbrier (NYSE:GBX) will be announcing earnings results this Tuesday after market hours. Here’s what to look for.
Greenbrier missed analysts’ revenue expectations by 15.2% last quarter, reporting revenues of $762.1 million, down 11.7% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and a significant miss of analysts’ adjusted operating income 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 decline 4.2% year on year to $785.7 million, improving from the 21% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.99 per share.
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 three times over the last two years.
Looking at Greenbrier’s peers in the heavy machinery segment, only Lindsay has reported results so far. It beat analysts’ revenue estimates by 4.6%, delivering year-on-year sales growth of 21.7%. The stock traded up 3.9% on the results.
Read our full analysis of Lindsay’s earnings results here.There has been positive sentiment among investors in the heavy machinery segment, with share prices up 7.2% on average over the last month. Greenbrier is up 6.8% during the same time and is heading into earnings with an average analyst price target of $49 (compared to the current share price of $47.72).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.