The 10-second takeaway
For the quarter ended Feb. 28 (Q2), Greenbrier Companies missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share dropped significantly.
Gross margins grew, operating margins dropped, net margins dropped.
Greenbrier Companies reported revenue of $423.2 million. The 11 analysts polled by S&P Capital IQ predicted revenue of $448.1 million on the same basis. GAAP reported sales were 7.6% lower than the prior-year quarter's $458.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.45. The 13 earnings estimates compiled by S&P Capital IQ anticipated $0.37 per share. GAAP EPS of $0.45 for Q2 were 21% lower than the prior-year quarter's $0.57 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 11.4%, 20 basis points better than the prior-year quarter. Operating margin was 5.5%, 30 basis points worse than the prior-year quarter. Net margin was 3.3%, 60 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $504.6 million. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $1.89 billion. The average EPS estimate is $1.94.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 199 members out of 222 rating the stock outperform, and 23 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Greenbrier Companies a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Greenbrier Companies is outperform, with an average price target of $19.63.
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