Greenbrier (GBX) To Report Earnings: Here Is What To Expect

Adam Hejl /
2024/07/07 3:01 am EDT

Rail transportation company Greenbrier (NYSE:GBX) will be announcing earnings results today. Here's what to look for.

Greenbrier beat analysts' revenue expectations by 2.5% last quarter, reporting revenues of $862.7 million, down 23.1% year on year. It was a stunning quarter for the company, with an impressive beat of analysts' volume and earnings estimates.

Is Greenbrier a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Greenbrier's revenue to decline 11.3% year on year to $920.9 million, a reversal from the 30.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.13 per share.

Greenbrier Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Greenbrier has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 6.8% on average.

Looking at Greenbrier's peers in the heavy machinery segment, only Lindsay has reported results so far. It missed analysts' revenue estimates by 3.6%, posting year-on-year sales declines of 15.4%. 

Read our full analysis of Lindsay's earnings results here.

Stocks--especially those trading at higher multiples--had a strong end of 2023, but 2024 has seen periods of volatility. Mixed inflation signals have led to uncertainty around rate cuts, and while some of the heavy machinery stocks have fared somewhat better, they have not been spared, with share prices down 2.8% on average over the last month. Greenbrier is down 3.9% during the same time and is heading into earnings with an average analyst price target of $60 (compared to the current share price of $48.91).

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