GATX (NYSE:GATX) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-22. Here's a quick overview of what investors should know before the release.

Analysts are estimating that GATX will report an earnings per share (EPS) of $1.85.

GATX bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

In the previous earnings release, the company missed EPS by $0.34, leading to a 0.39% increase in the share price the following trading session.

Here's a look at GATX's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.77

1.76

1.58

1.47

EPS Actual

1.43

2.01

1.74

1.44

Price Change %

0.0%

-0.0%

-0.0%

-1.0%

Tracking GATX's Stock Performance

Shares of GATX were trading at $133.64 as of October 18. Over the last 52-week period, shares are up 27.45%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Insights on GATX

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding GATX.

Analysts have provided GATX with 1 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $140.0, ...