Rail transportation company Greenbrier (NYSE: GBX) will be reporting results this Thursday afternoon. Here’s what you need to know.
Greenbrier missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $759.5 million, down 27.9% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and full-year EPS guidance missing analysts’ expectations significantly.
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This quarter, analysts are expecting Greenbrier’s revenue to decline 22.9% year on year to $675.3 million, a reversal from the 8.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.79 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 four times over the last two years.
With Greenbrier being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for heavy machinery stocks. However, there has been positive investor sentiment in the segment, with share prices up 5.4% on average over the last month. Greenbrier is up 7% during the same time and is heading into earnings with an average analyst price target of $44 (compared to the current share price of $49.08).
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