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LeasingWorld magazine is a world leader for leasing news and analysis. Because we see our leasing industry as a global community, we tailor our output to satisfy the whole of the leasing world, right across the globe.

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Freightcar America (RAIL) Reports Q2 Loss, Lags Revenue Estimates

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Zacks Equity Research

Freightcar America (RAIL - Free Report) just came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.46.

This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 58.70%. A quarter ago, it was expected that this rail car maker would post a loss of $0.66 per share when it actually produced a loss of $0.51, delivering a surprise of 22.73%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Freightcar America, which belongs to the Zacks Transportation - Equipment and Leasing industry, posted revenues of $66.74 million for the quarter ended June 2018, missing the Zacks Consensus Estimate by 14.76%. This compares to year-ago revenues of $118.67 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Freightcar America shares have added about 10% since the beginning of the year versus the S&P 500's gain of 5.2%.What's Next for

Freightcar America?

While Freightcar America has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

Blue Arrow   Continue Viewing This Zacks Equity Research Story




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