Railcar leasing firm GATX Q2 revenue rises, but misses estimates
GATX•Analyst coverage and valuation
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the corporate financial services peer group is "buy"
- Wall Street's median 12-month price target for GATX Corp is $218.00, about 20% above its July 29 closing price of $181.62
- The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago
Segment drivers behind the quarter
- ASSET DISPOSITIONS - Higher gains on asset sales contributed to Q2 results
- RAIL DEMAND & UTILIZATION - High fleet utilization and stable demand supported Rail North America performance
- ENGINE LEASING - Segment profit rose on strong performance at Rolls-Royce and Partners Finance affiliates
Q2 revenue misses estimates as EPS rises
Railcar leasing firm GATX said its second-quarter revenue rose, but missed analyst expectations.
- US transportation asset lessor's Q2 revenue missed analyst expectations
- Adjusted EPS for Q2 rose to $2.84, with no analyst consensus available
