FreightCar America Inc reports results for the quarter ended March 31 - Earnings Summary

• FreightCar America Inc RAIL.OQ reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of two analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 3 cents to 13 cents per share.

• Revenue fell 40.2% to $96.29 million from a year ago; analysts expected $104.33 million.

• FreightCar America Inc's reported EPS for the quarter was $1.52​.

• The company reported quarterly net income of $50.45 million.

• FreightCar America Inc shares had risen by 15.7% this quarter and lost 28.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 60% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is also "buy"

• Wall Street's median 12-month price target for FreightCar America Inc is $14.25

This summary was machine generated from LSEG data May 5 at 09:43 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)