Financial Performance - Total revenues for the three months ended September 30, 2024, increased to $405.4 million, up from $360.1 million in the same period last year, representing a growth of approximately 12.8%[11]. - Net income for the nine months ended September 30, 2024, was $207.7 million, compared to $193.2 million for the same period in 2023, reflecting an increase of about 7.3%[13]. - Basic earnings per share for the three months ended September 30, 2024, were $2.44, compared to $1.44 in the same period last year, representing a significant increase of 69.4%[11]. - GATX Corporation reported a net income of $89.0 million for the three months ended September 30, 2024, compared to $52.5 million for the same period in 2023, representing a 69.5% increase[16]. - Net income for the three months ended September 30, 2024, was $89.0 million, compared to $52.5 million for the same period in 2023, marking an increase of around 69.5%[72][74]. - Net income for the nine months ended September 30, 2024, was $207.7 million, or $5.68 per diluted share, an increase from $193.2 million, or $5.30 per diluted share, for the same period in 2023[84]. Revenue Sources - Lease revenue for the three months ended September 30, 2024, was $351.7 million, compared to $317.2 million in the prior year, marking a rise of approximately 10.8%[11]. - Total lease revenue for the three months ended September 30, 2024, was $351.7 million, an increase of 10.5% from $317.2 million for the same period in 2023[28]. - Operating lease revenue for the nine months ended September 30, 2024, reached $1,014.3 million, up 10.4% from $918.8 million in the prior year[28]. - Lease revenue for Rail North America was $249.2 million, up from $225.2 million year-over-year, indicating a growth of about 10.7%[72][74]. - Lease revenue for Rail North America was $727.8 million, up from $659.2 million in the prior year, indicating a year-over-year increase of about 10.4%[76][78]. Expenses and Liabilities - Total expenses for the three months ended September 30, 2024, were $278.6 million, an increase from $257.1 million in the prior year, reflecting a rise of approximately 8.9%[11]. - Total liabilities increased to $9,943.2 million as of September 30, 2024, compared to $9,053.0 million at the end of the previous year, indicating a growth of about 9.8%[10]. - Total liabilities increased to $8,293.5 million as of September 30, 2024, compared to $8,131.5 million as of December 31, 2023, reflecting a growth of 2.0%[45]. - Interest expense for the three months ended September 30, 2024, was $(88.9) million, compared to $(68.1) million for the same period in 2023[41]. - The company reported total depreciation expense of $108.0 million for the three months ended September 30, 2024, compared to $100.0 million for the same period in 2023, reflecting an 8.0% increase[26]. Cash Flow and Investments - Net cash provided by operating activities for the nine months ended September 30, 2024, was $396.1 million, slightly down from $400.1 million in the prior year[13]. - Cash, cash equivalents, and restricted cash at the end of the period increased to $503.8 million, compared to $203.2 million at the end of the previous year, indicating a significant increase of approximately 147.5%[13]. - Capital expenditures for the period totaled $504.5 million, a rise from $363.9 million in the previous year, representing an increase of approximately 38.6%[72][74]. - The company reported a net gain on asset dispositions of $48.5 million for the three months ended September 30, 2024, compared to $16.9 million in the same period last year[11]. - The company reported a total of $955.7 million in portfolio investments and capital additions for the nine months ended September 30, 2024, compared to $654.8 million in 2023, indicating a significant increase of about 46.0%[76][78]. Shareholder Equity - Shareholders' equity rose to $2,436.7 million as of September 30, 2024, up from $2,273.0 million, reflecting an increase of approximately 7.2%[10]. - Total shareholders' equity increased to $2,436.7 million as of September 30, 2024, up from $2,174.5 million a year earlier, reflecting a year-over-year growth of 12.0%[16]. - GATX's additional paid-in capital increased to $840.9 million as of September 30, 2024, up from $813.1 million a year earlier, indicating a growth of 3.4%[16]. Segment Performance - Segment profit for GATX Consolidated reached $178.0 million, compared to $122.5 million in the prior year, reflecting a significant increase of approximately 45.4%[72][74]. - Segment profit for Rail North America for the nine months ended September 30, 2024, was $271.5 million, up from $240.6 million in the same period of 2023, representing an increase of 12.9%[87]. - Segment profit for the nine months ended September 30, 2024, was $89.2 million, a 12.9% increase from $79.0 million in the same period of 2023[120]. Legal and Environmental Matters - The court dismissed all Comprehensive Environmental Response, Compensation and Liability Act claims against GATX related to the Norfolk Southern train derailment[60]. - A settlement of $600 million was reached for consolidated class action claims related to the Norfolk Southern train derailment, affecting residents within a 20-mile radius[62]. - GATX is vigorously defending against multiple lawsuits related to the Norfolk Southern train derailment, with trial scheduled for March 31, 2025[62]. - The company has not established any accruals for potential liability related to the derailment incident[63]. - Environmental reserves recorded for anticipated remediation costs amounted to $10.7 million for the nine months ended September 30, 2024[181]. Debt and Financing - Total long-term debt principal increased from $7,450.6 million on December 31, 2023, to $8,351.5 million on September 30, 2024, reflecting a net increase of $900.9 million[162]. - The company had total cash obligations of $14,278.7 million as of September 30, 2024, with recourse debt totaling $8,351.5 million[166]. - The company maintained compliance with all covenants and conditions of its credit agreements as of September 30, 2024, with no anticipated violations[172]. - Credit ratings as of September 30, 2024, included a long-term unsecured debt rating of BBB from Standard & Poor's and a Baa2 rating from Moody's[173].

Financial Data and Key Metrics Changes - In Q3 2024, GATX reported net income of $89 million or $2.43 per diluted share, an increase from $52.5 million or $1.44 per diluted share in Q3 2023 [3] - Year-to-date net income for 2024 was $207.7 million or $5.68 per diluted share, compared to $193.2 million or $5.30 per diluted share for the same period in 2023 [3][4] - The 2024 results included a net negative impact of $2.5 million or $0.07 per diluted share from tax adjustments and other items [3] Business Segment Data and Key Metrics Changes - Rail North America had a fleet utilization rate of 99.3% and a renewal success rate of 82% [4] - The renewal rate change for GATX's lease price index was positive 26.6% for the quarter, with an average renewal term of 59 months [4] - Rail North America's remarketing income exceeded $43 million in the quarter, bringing the year-to-date total to over $96 million [5] - Rail International saw strong performance with nearly 900 new cars added during Q3, contributing to a year-to-date investment volume of over $190 million [6] - Engine Leasing joint ventures performed well, with year-to-date investment volume totaling approximately $500 million [6] Market Data and Key Metrics Changes - The secondary market for railcars in North America remains robust, with GATX actively participating in both buying and selling [5][12] - The lease rate environment has stabilized, with a slight downtick in absolute lease rates observed from Q2 to Q3 [23] Company Strategy and Development Direction - GATX plans to opportunistically add cars to its fleet while focusing on generating the best risk-adjusted returns for shareholders [14][32] - The company is encouraged by the current pricing environment and expects it to remain favorable as long as there is no irrational behavior on the supply side [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability of the secondary market for railcars, noting robust demand and a diverse customer base [12] - The company updated its 2024 full-year earnings guidance to a range of $7.50 to $7.70 per diluted share, excluding impacts from tax adjustments [7] Other Important Information - GATX's year-to-date investment volume in Rail North America was over $955 million, with a significant portion coming from the secondary market [5] - The company has a strong focus on maintaining high-quality customers and well-structured leases in its asset sales [12] Q&A Session Summary Question: Could you walk us back to how you define the year originally and what has changed? - Management indicated that the key driver for the guidance increase was the remarketing gains at Rail North America, with other segments performing in line with expectations [9] Question: How do you feel about the durability of the attractive secondary market? - Management noted that demand remains robust and the market is healthy, with a diverse portfolio of railcars appealing to buyers [12] Question: What underpins expectations for a more modest turnout in Q4 for remarketing income? - Management explained that most assets expected for sale have already been sold, and capital programs for buyers typically wind down in Q4 [17] Question: Can you comment on sequential lease rates? - Management observed a slight downtick in lease rates but noted that the overall pricing environment remains favorable [23] Question: What is the expected mix of operating versus disposition earnings for RRPF? - Management indicated that the mix is expected to be closer to 50-50 by year-end, with a larger fleet size contributing to operating earnings over time [25][27] Question: How far along is the repricing of the North American fleet? - Management stated that about half of the fleet has been repriced at higher levels since 2022 [31]

Financial Performance - GATX Corporation reported third-quarter net income of $89.0 million, or $2.43 per diluted share, compared to $52.5 million, or $1.44 per diluted share, in Q3 2023[1]. - Year-to-date net income for 2024 reached $207.7 million, or $5.68 per diluted share, up from $193.2 million, or $5.30 per diluted share, in the prior year[2]. - Net income for Q3 2024 was $89.0 million, compared to $52.5 million in Q3 2023, representing a 69.5% increase[15]. - Basic earnings per share rose to $2.44, up from $1.44 in the same quarter last year, marking a 69.4% increase[15]. - GATX's net income for the nine months ended September 30, 2024, was $207.7 million, showcasing strong profitability[19]. - Net income for the nine months ended September 30, 2023, was $193.2 million, reflecting a significant increase compared to the previous year[21]. Revenue and Earnings Guidance - Total revenues for Q3 2024 reached $405.4 million, a 12.5% increase from $360.1 million in Q3 2023[15]. - Lease revenue increased to $351.7 million, up 10.8% from $317.2 million year-over-year[15]. - GATX updated its 2024 full-year earnings guidance to a range of $7.50 to $7.70 per diluted share, excluding the impact of Tax Benefits and Other Items[4]. - For the nine months ended September 30, 2024, total revenues amounted to $1,172.0 million, with lease revenue at $1,024.6 million[19]. - Total revenues for the nine months ended September 30, 2023, reached $1,042.2 million, with lease revenue contributing $927.8 million[20]. Segment Performance - Segment profit for Rail North America was $102.4 million, while Rail International reported $33.9 million for Q3 2024[17]. - Rail International's segment profit increased to $33.9 million in Q3 2024, compared to $28.2 million in Q3 2023, driven by more railcars on lease and higher lease rates[7]. - Engine Leasing reported segment profit of $37.5 million in Q3 2024, up from $20.2 million in Q3 2023, with year-to-date profit at $81.6 million compared to $75.1 million in 2023[9]. - Segment profit for Rail North America was $240.6 million, while Rail International and Engine Leasing reported $79.0 million and $75.1 million, respectively[20]. Asset and Liability Management - Total assets increased to $12,379.9 million as of September 30, 2024, compared to $11,326.0 million at the end of 2023, reflecting an 9.3% growth[16]. - Total liabilities rose to $9,943.2 million, up from $9,053.0 million at the end of 2023, indicating a 9.8% increase[16]. - The company recorded total debt and lease obligations, net of unrestricted cash, at $7,988.4 million as of September 30, 2024[23]. - Total assets, excluding cash, increased to $11,876.1 million as of September 30, 2024, up from $10,444.3 million a year earlier[23]. - Total assets, excluding cash, increased to $11,876.1 million from $11,398.8 million year-over-year, reflecting a growth of 4.2%[24]. Investment Activity - Investment volume for GATX in Q3 2024 was $504.5 million, totaling over $1.3 billion year-to-date[1]. - GATX's investment volume for the nine months ended September 30, 2024, was $1,325.1 million, indicating robust investment activity[19]. - Investment volume for Q3 2024 totaled $504.5 million, with $325.9 million from Rail North America and $80.6 million from Rail International[17]. - Investment volume for the nine months ended September 30, 2023, was $1,237.5 million, indicating strong capital deployment[20]. Operational Metrics - Rail North America's fleet utilization was 99.3% at the end of Q3 2024, with a renewal success rate exceeding 80% and a renewal lease rate change of 26.6%[3]. - GATX Rail India's fleet utilization remained at 100%, indicating strong demand for railcars[8]. - The average lease renewal term for all cars included in the Lease Price Index during Q3 2024 was 59 months[6]. - The average renewal lease rate change for Rail North America was 26.6%, a decrease from 29.4% in the previous quarter[25]. - The renewal success rate for Rail North America was 82.0%, down from 84.1% in the previous quarter[25]. - Railcar utilization for Rail North America remained stable at 99.3%[25]. - In Rail Europe, the ending fleet balance rose to 29,953 railcars, compared to 29,649 railcars in the previous quarter[26]. - Rail Europe utilization improved slightly to 95.9% from 95.8% in the previous quarter[26]. - Rail India added 457 railcars, increasing the ending balance to 10,361 railcars, up from 9,904 railcars in the previous quarter[26]. - Rail India maintained a perfect utilization rate of 100.0%[26]. Expenses and Dividends - The company declared dividends of $0.58 per common share, an increase from $0.55 in the previous year[15]. - Maintenance expenses for the nine months ended September 30, 2024, totaled $283.9 million, highlighting ongoing operational costs[19]. - Depreciation expense for the same period was $297.9 million, reflecting the company's asset management strategy[19]. - Selling, general, and administrative expenses for the nine months ended September 30, 2024, were $171.7 million[19]. - Maintenance expenses totaled $254.1 million for the nine months ended September 30, 2023, reflecting ongoing operational costs[20]. Asset Dispositions - The net gain on asset dispositions was $48.5 million for Q3 2024, significantly higher than $16.9 million in Q3 2023[15]. - The company reported a net gain on asset dispositions of $110.3 million for the nine months ended September 30, 2024[19]. - The company reported a net gain on asset dispositions of $105.1 million during the nine months ended September 30, 2023[20].

Financial Performance - Total revenues for the second quarter of 2024 reached $386.7 million, a 12.7% increase from $343.2 million in the same period of 2023[14] - Net income for the six months ended June 30, 2024, was $118.7 million, down 15.6% from $140.7 million in the prior year[16] - Basic earnings per share for the second quarter of 2024 were $1.22, a decrease from $1.74 in the same quarter of 2023[14] - The company reported a net cash provided by operating activities of $235.9 million for the first half of 2024, down from $258.4 million in the prior year[16] - Total lease revenue for the six months ended June 30, 2024, was $672.9 million, up 10.2% from $610.6 million in the same period of 2023[35] - Diluted earnings per share for the six months ended June 30, 2024, was $3.25, compared to $3.87 for the same period in 2023, indicating a decrease of about 16%[64] - Net income for the three months ended June 30, 2024, was $44.4 million, down from $63.3 million in the same period of 2023[209] Cash and Liquidity - Cash and cash equivalents increased to $823.6 million as of June 30, 2024, compared to $450.7 million at the end of 2023, reflecting a significant liquidity improvement[12] - As of June 30, 2024, the company had an unrestricted cash balance of $823.6 million and fully available credit facilities of $600 million and $350 million[178] - Net cash used in investing activities for the six months ended June 30, 2024, was $699.0 million, an increase from $544.6 million in the prior year[178] Assets and Liabilities - Operating assets and facilities rose to $13,675.9 million, up from $13,081.9 million at the end of 2023, indicating growth in operational capacity[12] - Total liabilities increased to $9,879.2 million from $9,053.0 million, primarily driven by an increase in recourse debt[12] - Shareholders' equity increased to $2,343.4 million as of June 30, 2024, from $2,273.0 million at the end of 2023, reflecting retained earnings growth[12] - The carrying amount of recourse fixed rate debt was $7,659.1 million as of June 30, 2024, with a fair value of $7,171.3 million[52] Segment Performance - For the three months ended June 30, 2024, total revenues were $386.7 million, with Rail North America contributing $270.4 million, Rail International $85.2 million, Engine Leasing $21.8 million, and Other segment $9.3 million[81] - Segment profit for Rail North America was $78.8 million, Rail International $26.5 million, Engine Leasing $18.4 million, while the Other segment reported a loss of $6.2 million, resulting in a consolidated segment profit of $117.5 million[81] - Rail North America segment revenues increased to $270.4 million for the three months ended June 30, 2024, compared to $240.4 million for the same period in 2023, reflecting a growth of 12.5%[93] Expenses and Costs - The company reported total depreciation expense of $203.5 million for the six months ended June 30, 2024, compared to $189.4 million for the same period in 2023[33] - Selling, general and administrative expenses for the three months ended June 30, 2024, were $58.6 million, compared to $52.0 million for the same period in 2023, an increase of 12.7%[93] - Maintenance expenses for the three months ended June 30, 2023, were $82.3 million, indicating ongoing operational costs associated with asset upkeep[82] Investments and Capital Expenditures - The company made portfolio investments and capital additions totaling $820.6 million during the first half of 2024, compared to $873.6 million in the same period of 2023[16] - Capital expenditures for the period amounted to $442.0 million, with Rail North America at $308.1 million, Rail International $59.6 million, Engine Leasing $71.3 million, and Other segment $3.0 million[81] Legal Matters - The company is currently involved in multiple lawsuits related to the Norfolk Southern train derailment, with a settlement of $600 million reached for claims from residents within a 20-mile radius[68] - The trial for the lawsuits against the company is currently scheduled for March 31, 2025[68] - The company has not established any accruals for potential liability related to ongoing lawsuits and cannot reasonably estimate the loss or range of loss[70] Tax and Compliance - The effective income tax rate for the six months ended June 30, 2024, was 25.1%, a decrease from 26.3% in the same period of 2023[59] - The company remains in compliance with all covenants and conditions of its credit agreements as of June 30, 2024[198]

Financial Data and Key Metrics Changes - In Q2 2024, the company reported net income of $44.4 million, or $1.21 per diluted share, compared to $63.3 million, or $1.74 per diluted share in Q2 2023, reflecting a decrease in net income [35] - Year-to-date 2024 net income was $118.7 million, or $3.25 per diluted share, down from $140.7 million, or $3.87 per diluted share for the same period in 2023 [36] - The 2024 results included a net negative impact of $8 million, or $0.22 per diluted share, from tax adjustments and other items [35][36] Business Line Data and Key Metrics Changes - GATX Rail North America experienced stable demand for railcars with a fleet utilization rate of 99.3% and a renewal success rate of 84.1% [38] - The renewal rate change of GATX's lease price index was positive 29.4% for the quarter, with an average renewal term of 61 months [38] - In Engine Leasing, the company added three aircraft spare engines during Q2, bringing the total to 32 engines with a net book value exceeding $750 million [40] Market Data and Key Metrics Changes - The secondary market in North America remains robust, generating approximately $20 million in remarketing income during the quarter, totaling approximately $53 million year-to-date [3] - Rail International is performing well, with Rail Europe successfully increasing renewal lease rates across most car types [4] Company Strategy and Development Direction - The company anticipates that even if input costs moderate, the fundamental capacity in the North American railcar market will not return to previous highs, suggesting a stable pricing environment [8][13] - The company is focused on maintaining a disciplined investment approach while capitalizing on attractive opportunities across various business units [68] Management's Comments on Operating Environment and Future Outlook - Management noted that the first half of 2024 has largely aligned with expectations, with stable demand for existing railcars and successful rate increases [17][18] - The intermodal sector in Rail Europe is expected to recover later than initially anticipated, but overall market demand remains strong [23] - The company is optimistic about growth in India, having crossed the 10,000 wagon mark and seeing strong economic growth [24] Other Important Information - The company continues to find attractive ways to invest capital, with a year-to-date volume of just over $800 million, on track to meet the $1.6 billion target for the year [26] - The company emphasizes the importance of maintaining a balanced market without excess supply, which is favorable for its operations [62] Q&A Session Summary Question: How does the company plan to manage if upward pressures on asset prices and lease rates start to moderate? - Management acknowledged the potential impact of easing interest rates and steel prices on the railcar market but emphasized that fundamental capacity is unlikely to return to previous levels, reducing the risk of oversupply [6][8] Question: What are the demand drivers for the Rolls-Royce joint venture regarding remarketing income? - Management indicated that demand drivers are influenced by the market's valuation of assets and the right mix of assets in the portfolio, with gains being lumpy [87] Question: Is there any slowdown in the secondary market? - Management confirmed that the secondary market remains strong, with good breadth and depth of buyers for packages offered [82]

Financial Performance - GATX Corporation reported Q2 2024 net income of $44.4 million, or $1.21 per diluted share, down from $63.3 million, or $1.74 per diluted share in Q2 2023[2]. - Year-to-date net income for 2024 was $118.7 million, or $3.25 per diluted share, compared to $140.7 million, or $3.87 per diluted share in the same period of 2023[3]. - Net income for the first half of 2024 was $118.7 million, down 15.6% from $140.7 million in the first half of 2023[24]. - Basic earnings per share decreased to $1.22 in Q2 2024 from $1.74 in Q2 2023, reflecting a decline of 30%[24]. - GATX's net income for the first half of 2024 was $118.7 million, compared to $140.7 million in the same period of 2023, representing a decrease of approximately 15.6%[33][35]. - Diluted earnings per share (GAAP) for Q2 2024 was $1.21, a decrease from $1.74 in Q2 2023, with $3.25 for the first half of 2024 compared to $3.87 in the same period last year[40]. Revenue and Expenses - Total revenues for Q2 2024 increased to $386.7 million, up 12.7% from $343.2 million in Q2 2023[24]. - Lease revenue rose to $339.6 million, a 10.1% increase compared to $308.6 million in the same period last year[24]. - For the six months ended June 30, 2024, total revenues increased to $766.6 million, up from $682.1 million in the same period last year, reflecting a growth of approximately 12.4%[33][35]. - Lease revenue for the first half of 2024 was $672.9 million, compared to $610.6 million in the prior year, marking an increase of about 10.2%[33][35]. - The company reported a total expense of $427.9 million for the first half of 2024, up from $392.5 million in the same period of 2023, which is an increase of approximately 9.0%[33][35]. Segment Performance - Rail North America achieved fleet utilization of 99.3% and a renewal success rate of 84.1% in Q2 2024, with a renewal lease rate change of 29.4%[4][9]. - Rail International's fleet utilization was 95.8% at the end of Q2 2024, with a segment profit of $26.5 million, down from $27.3 million in Q2 2023[11][12]. - Engine Leasing reported segment profit of $18.4 million in Q2 2024, compared to $26.6 million in Q2 2023, with year-to-date profit of $44.1 million[15]. - Segment profit for Rail North America was $78.8 million, while Rail International reported a profit of $26.5 million[27]. - GATX's segment profit for the first half of 2024 was $270.5 million, compared to $294.1 million in the same period of 2023, reflecting a decline of approximately 8.0%[33][35]. Investments and Acquisitions - GATX's investment volume in Q2 2024 was $442.0 million, totaling $820.6 million year-to-date[5]. - GATX acquired over 600 railcars in the secondary and spot markets during the quarter, reflecting ongoing market expansion efforts[4]. - Investment volume for Q2 2024 was $442.0 million, reflecting strong capital deployment across segments[27]. - Investment volume for the quarter was $486.6 million, indicating strong capital deployment across the business[30]. Balance Sheet and Cash Flow - Cash and cash equivalents increased significantly to $823.6 million as of June 30, 2024, compared to $450.7 million at the end of 2023[25]. - Total assets grew to $12,222.6 million, up from $11,326.0 million at the end of 2023, indicating a 7.9% increase[25]. - Total liabilities increased to $9,879.2 million, compared to $9,053.0 million at the end of 2023, representing an increase of 9.1%[25]. - Total debt and lease obligations, net of unrestricted cash, rose to $7,632.1 million as of June 30, 2024, from $6,720.1 million a year earlier[45]. Market and Operational Highlights - Rail India celebrated the delivery of its 10,000th railcar, indicating strong growth in the Indian freight rail market[5]. - Railcars added in Rail North America totaled 1,337 in Q2 2024, compared to 358 in Q2 2023, indicating a significant increase in fleet expansion[50]. - The ending balance of railcars in Rail North America was 102,086 as of June 30, 2024, up from 100,585 a year earlier[50]. - Rail Europe utilization was reported at 95.8% in Q2 2024, compared to 96.9% in Q2 2023[54]. - Rail India reported a fleet increase to 9,904 railcars as of June 30, 2024, from 6,927 a year earlier, reflecting strong growth in the region[54]. Challenges and Outlook - The company continues to face challenges from higher interest expenses and maintenance costs, impacting overall profitability[12][17]. - The company anticipates full-year earnings guidance of $7.30–$7.70 per diluted share, excluding the impact of Tax Adjustments and Other Items[6]. - The company incurred interest expense of $160.6 million in the first half of 2024, compared to $122.7 million in the same period last year, indicating an increase of about 31%[33][35].

For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Gatx (GATX) one of those stocks right now? By taking a look at the stock's yearto-date performance in comparison to its Transportation peers, we might be able to answer that question. Gatx is a member of our Transportation group, which includes 132 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different g ...

The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 10.3%. Shares of Kirby have climbed 59.8% in the past year. Other Stocks to Consider Let's take a look at the factors that make the stock a solid investment pick at the moment. Image Source: Zacks Investment Research Northward Estimate Revision: The Zacks Consensus Estimate for earnings per share has been revised upward by ...

A month has gone by since the last earnings report for Gatx (GATX) . Shares have added about 9.8% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Gatx due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. The Engine Leasing unit (earlier known as Portfolio Management) re ...

The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Gatx (GATX) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.Gatx is a member of the Transportation sector. This group includes 132 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank considers 1 ...