- GATX reported earnings per share (EPS) for the third quarter of 2024 at $2.43, which is a substantial increase from $1.44 in the prior year.
- Revenue for the third quarter rose to $405.4 million, marking a 13% growth compared to the previous year.
- Lease revenue, a significant component, increased by 11% year-over-year to $351.7 million.
- The company has updated its 2024 full-year earnings guidance to a range of $7.50 to $7.70 per diluted share.
- Current market conditions and strong year-to-date performance inform the revised earnings guidance.
- GATX’s stock has received recommendations of 1 buy and 1 hold, with no sells reported by analysts.
A look at GATX Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, GATX Corp shows a promising long-term outlook. With a solid Growth score of 4, the company is positioned for expansion and development in the future. Their Value and Dividend scores both at 3 indicate a balanced financial structure with stable returns for investors. However, GATX Corp‘s Resilience score of 2 suggests some vulnerability to market fluctuations, which may require careful monitoring.
GATX Corporation, primarily operating in the rail and marine markets, leases and manages a variety of assets worldwide. The company’s momentum score of 3 reflects a steady performance trajectory. Overall, GATX Corp demonstrates strengths in growth potential and asset management, with room for improvement in building resilience to external economic challenges.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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