GATX Corporation’s (NYSE:GATX) first quarter earnings results unveiled early in the morning before the market opens.
The results has grabbed interest of the wall street, primarily due to they outshined the market view
Reaching a quarterly Non-GAAP income of $2.01 per share, the establishment has recorded revenues summing into $379.9 million.
The figures exceeded the wall street estimated $1.76 profit per share along with the revenue of $375.8 million.
| Period | EPS Estimate |
EPS Actual |
Surprise | Growth YoY |
|---|---|---|---|---|
| Q1 2024 | $1.76 | $2.01 | +14.2% | +8.6% |
| Q4 2023 | $1.58 | $1.74 | +10.1% | -13.0% |
| Q3 2023 | $1.47 | $1.44 | -2.0% | -28.6% |
| Q2 2023 | $1.66 | $1.73 | +4.2% | -61.7% |
Comparing to the related quarter of last year the earnings per share decreased 8.64 percent, while revenues accelerated 12.1 percent.
GATX reiterated full year 2024 outlook, earnings per share remained unchanged in a range of $7.30 to $7.70 against the consensus street estimate of $7.56 per share.
