Fortress Transportation: Q2 Earnings Insights

Fortress Transportation FTAI reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:15 PM.

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

Earnings

Fortress Transportation missed estimated earnings by 45.0%, reporting an EPS of $0.11 versus an estimate of $0.2.

Revenue was up $81.02 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $2.21 which was followed by a 11.38% drop in the share price the next day.

Here's a look at Fortress Transportation's past performance:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.09 0.13 0.03 -0.13
EPS Actual -2.30 -0.19 -0.44 -0.39
Revenue Estimate 166.65M 173.86M 145.76M 113.48M
Revenue Actual 137.84M 145.78M 135.96M 96.92M

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.09 0.13 0.03 -0.13
EPS Actual -2.30 -0.19 -0.44 -0.39
Revenue Estimate 166.65M 173.86M 145.76M 113.48M
Revenue Actual 137.84M 145.78M 135.96M 96.92M

To track all earnings releases for Fortress Transportation visit their earnings calendar here.

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

Posted In: BZI-RecapsEarnings