price down icon2.17%   -1.12
after-market  After Hours:  50.38 

Why is Greenbrier Cos., Inc. (GBX) Stock down?

25 Oct, 2023:

Shares of Greenbrier Companies (GBX) dropped by 17.87% from $40.86 to $33.56 in the trading on Wednesday, October 25, 2023. The reason why GBX stock down is due to lower-than-expected third-quarter results:

  • Earnings: Greenbrier reported quarterly earnings of $0.92 per share, missing the Zacks Consensus Estimate of $1.01 per share. This was in comparison to earnings of $0.60 per share in the same period the previous year, with these figures adjusted for non-recurring items. This quarterly earnings miss amounted to -8.91%.
  • Revenue: Greenbrier reported $1.02 billion for the quarter ending in August 2023, falling short of the Zacks Consensus Estimate by 1.02%. This was in comparison to revenues of $950.7 million in the same period the previous year.
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