* GATX Corp reported quarterly adjusted earnings of $2.50 per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.44. The mean expectation of two analysts for the quarter was for earnings of $1.85 per share. Wall Street expected results to range from $1.79 to $1.91 per share.
* Revenue rose 12.6% to $405.40 million from a year ago; analysts expected $391.65 million.
* GATX Corp's reported EPS for the quarter was $2.43.
* The company reported quarterly net income of $89 million.
* GATX Corp shares had fallen by 1.1% this quarter and gained 9.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 0.8% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the corporate financial services peer group is also "buy"
Wall Street's median 12-month price target for GATX Corp is $144.00 This summary was machine generated from LSEG data October 22 at 01:37 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 1.85 2.50 Beat
Jun. 30 2024 1.78 1.43 Missed
Mar. 31 2024 1.76 2.01 Beat
Jan. 1 0001 1.58 1.74 Beat
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