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.
GATX Corp. has a healthy track record with respect to earnings – it has delivered positive earnings surprises in three of the last four quarters, with an average beat of 7.64%.
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 $1.39 per share in the first quarter of 2015 beating the Zacks Consensus Estimate of $1.08. Earnings increased 54.4% compared to the first quarter of 2014.
Revenue: Revenues of $319.7 million below the Zacks Consensus Estimate of $323 million. The top line however grew 11.5% on a year-over-year basis.
Guidance: The company still expects earnings per share in the range of $5.15 to $5.35 for 2015. The Zacks Consensus Estimate for 2015 currently stands at $5.25 per share.
Check back later for our full write up on this GATX Corp. earnings report later!
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