Leasing services company GATX (NYSE: GATX) will be reporting earnings this Tuesday before market open. Here’s what to look for.
GATX beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $421.6 million, up 11% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EBITDA estimates. It reported 103,310 active railcars, up 1.6% year on year.
Is GATX a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting GATX’s revenue to grow 10.4% year on year to $427.1 million, slowing from the 12.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.01 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. GATX has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.8% on average.
Looking at GATX’s peers in the industrial distributors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Fastenal delivered year-on-year revenue growth of 8.6%, beating analysts’ expectations by 0.5%, and Richardson Electronics reported revenues up 9.5%, falling short of estimates by 3.7%. Fastenal traded up 4.2% following the results while Richardson Electronics was also up 10.9%.
Read our full analysis of Fastenal’s results here and Richardson Electronics’s results here.
There has been positive sentiment among investors in the industrial distributors segment, with share prices up 6.8% on average over the last month. GATX’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $180.33 (compared to the current share price of $153.47).
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