60 days have passed by since the last earnings report for Genesee & Wyoming Inc. (NYSE:GWR) and the new quarterly results look set to arrive in 29 days. The shares of GWR at the moment are trading at a volume of 0.67 million, which compares with its normal daily standard volume of 864.45 million shares. This has led to the shares of the company advancing by 0.21%, currently exchanging hands at $110.48 a share. GWR stock has been up by $0.51 (-0.46%) ever since it reached its 52-week high of $110.99 back in August 29, 2019. It has progressed below its 50-day moving average of $110.61 and is down -0.17% over the past week. The stock has added 0.8% since the last one arrived so the question here is that will the upbeat trend in that time frame continue leading up to its next earnings release, or is the GWR share price due for a correction?
Genesee & Wyoming Inc. (GWR) Forecasts And Latest Quarter Earnings
Ahead of their fiscal third-quarter to be released on Monday, Nov 04, 2019, 6 analysts who are covering the company are estimating that it will record a profit of $1.3 per share, with analysts having different outlooks from $1.24 to $1.39. The current agreed outlook, when compared to the profit recorded last year, is at $1.23 a share, thus an increase of 5.69% is expected. The profit view for a complete financial year for Genesee & Wyoming Inc. is expected to be around $4.31 in current year, a decline of nearly 11.95% from last year which was $3.85.
Let’s now look at their sales section, GWR’s revenue is estimated to be $603.3M, a figure which is more than the $603.3M recorded for Q3 last year. Their sequential sales though are expected to move versus Q2’s $571.48B. Their full-year outlook is pegged at $2.35B, implying that there would be a drop of 0% over the $2.35B they recorded last year in revenue. Genesee & Wyoming Inc. is projected to get sales lifted by 5.53% in the next quarter, with a revenue target of $2.48B.
Analyzing The Earnings History Of Genesee & Wyoming Inc. (NYSE:GWR)
In the past few years, the GWR stock has been known to miss the Wall Street’s earnings projection. The company missed 41% of the time, according to the data pulled on their earnings, was able to meet predictions on 0 occasions and topped expectations 7 times. Looking at the past trend, the price of Genesee & Wyoming Inc. shares had risen following the release of their earnings in 20 of the last 39 quarters.
Looking back, here is how Genesee & Wyoming Inc. (GWR) stock reacted to earnings misses and beats. It gave investors reason to be bullish with the price going down after 0 of the last four earnings reports. The shares of Genesee & Wyoming Inc. recorded 0.27%, 1.21%, 2.42% and 5.27%, respectively, on the first day of past earnings releases. After a week of earnings reports, the changes were 0.26%, 1.55%, 1.75% and 4.16%. Their post-earnings price movements have resulted in an average increase of 2.29% and an average increase of 1.93% in Genesee & Wyoming Inc. on next day and 7th day, sequentially. GWR’s one month stock performance led to its shares declining by -0.37% with a return of 20.8% witnessed over the last 52 weeks.
The lower number of analysts has assigned a buy or better ratings (1) on the Genesee & Wyoming Inc. stock, while 6 of them have a rating of a Hold with the 11-year target price suggested by the analysts standing at $107. This price target implies potential upside of -3.15 percent over the next 12 months based on the current share price.
Genesee & Wyoming Inc. (GWR) Post Earnings Announcement Drift (PEAD)
Back on August 07, 2019, Genesee & Wyoming Inc. (NYSE:GWR) released its Q2 results, in which it recorded EPS of $1.06 that was in line with consensus estimates of $1.06. After the earnings were reported, the price of GWR stock kicked off the session at $109.6 and remained in a range of $109.61 to $109.9 on the first day. The shares were priced at $109.89 at the close with a total volume of shares being 1828255.
On April 30, 2019, the Q1 earnings report was disclosed with EPS of $0.78. This was below the estimation of $0.81 per share. The stock price range of GWR was between $83.53 and $88.89 on the first-day post announcement, after opening the day at $83.44. The session came to close at $88.65 and there was a total volume of 587854 shares.
February 06, 2019 was the day when its Q4 results were unveiled. The earnings came in at $1, beating the projected $0.91 per share. The very next day, GWR stock opened at $81.43 while staying in a range of $84.44 to $84.94. At the end, it moved to $82.45 a total volume of shares been 843329.
In the year-ago Q3 earnings on October 30, 2018, the company saw profit per share of $1.23. That was better than the $1.16 analysts had expected. Genesee & Wyoming Inc. share price started at $77 on the first full trading day post-earning and then exchanged hands between $78.2 and $82.34 throughout the session. The closing price of $80.55 came on the back of 1146628 shares in volume.