Based in Chicago, IL, GATX Corp. (GMT), leases, operates and manages long-lasting, widely-used assets in rail, marine and industrial equipment markets. GATX also invests in joint ventures that complement existing business activities. The company is a leader in leasing transportation assets and controls one of the largest railcar fleets in the world.
In the third quarter of 2014, the company had delivered a negative earnings surprise of 1.72%. However, this was the sole earnings miss for the company in the last four quarters. The trailing four-quarter average earnings beat is 12.49%.
Zacks Rank: Currently, GATX Corp. has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: GATX Corp. reported earnings of $1.30 per share in the final quarter of 2014. The Zacks Consensus Estimate was $1.26. Earnings increased 14% compared to the fourth quarter of 2013.
Revenue: Revenues of $401.4 million above the Zacks Consensus Estimate of $389 million.
Guidance: The company expects earnings per share in the range of $5.15 to $5.35 for 2015. The Zacks Consensus Estimate for 2015 currently stands at $5.16 per share.
Stock Price: Shares prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this GATX Corp. earnings report later!
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