Recap: GATX Q2 Earnings - GATX (NYSE:GATX)

GATX GATX reported its Q2 earnings results on Thursday, July 21, 2022 at 08:30 AM.

Here's what investors need to know about the announcement.

GATX missed estimated earnings by 3.6%, reporting an EPS of $1.07 versus an estimate of $1.11.

Revenue was down $4.40 million from the same period last year.

Last quarter the company beat on EPS by $0.95 which was followed by a 2.09% drop in the share price the next day.

Here's a look at GATX's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	1.39	1.02	1.07	1.02
EPS Actual	2.34	1.58	1.11	1.35
Revenue Estimate	323.00M	318.72M	315.72M	312.75M
Revenue Actual	316.60M	321.00M	313.50M	317.10M

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).

GATX management provided guidance for FY 2022, expecting earnings between $5.6 and $6.0 per share.

To track all earnings releases for GATX visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.