Earnings To Watch: Greenbrier (GBX) Reports Q2 Results Tomorrow

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Rail transportation company Greenbrier (NYSE: GBX) will be reporting results this Wednesday after market hours. Here’s what you need to know.

Greenbrier missed analysts’ revenue expectations last quarter, reporting revenues of $587.5 million, down 22.9% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and full-year EPS guidance missing analysts’ expectations significantly.

Is Greenbrier a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Greenbrier’s revenue to decline 26.7% year on year, a reversal from the 2.7% increase it recorded in the same quarter last year.

Greenbrier Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Greenbrier has missed Wall Street’s revenue estimates multiple times over the last two years.

With Greenbrier being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for heavy machinery stocks. However, there has been positive investor sentiment in the segment, with share prices up 5% on average over the last month. Greenbrier is up 5.8% during the same time .

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