The Greenbrier Companies, Inc. GBX is gearing up to reveal its second-quarter earnings results before the opening bell on April 5, 2024, a session that may not echo the jubilance of previous reports given the projections.
As the dust settles, analysts are calling for a muted figure of 86 cents per share, a slight dip from the 99 cents posted in the comparable period. The revenue forecast is pinned at $843.28 million, as per insights from Benzinga Pro.
Back on Jan. 5, Greenbrier bucked expectations, offering a better-than-anticipated showing in the opening quarter.
The aftermath? Shares witnessing a 3.8% slump, culminating at $52.40 at market close on Thursday.
Keen followers of the market can tap into the freshest analyst appraisals via the Analyst Stock Ratings page, sifting through metrics like stock ticker, correspondent firm, rating revisions, and other crucial variables.
Below that facade, let’s delve into how Benzinga’s most-prescient analysts have weighed in on the company of late.
- B of A Securities analyst Ken Hoexter opted to stick with an Underperform categorization while tweaking the price target from $40 to $42 on Sept. 22, 2023. Impressively, this analyst boasts a 70% precision rate.
- Wells Fargo analyst Allison Poliniak chose to temper her stance, downgrading the stock from Overweight to Equal-Weight and dialing down the price target from $48 to $40 on Sept. 7, 2023. Notably, this analyst maintains a solid 67% benchmark for accuracy.
- Stephens & Co. analyst Justin Long kept the faith with an Overweight classification, nudging the price target upwards from $36 to $38 on April 11, 2023. This intuitive analyst clocks in at a commendable 73% accuracy clip.
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