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FreightCar America First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

FreightCar America (NASDAQ:RAIL) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$161.1m (up 99% from 1Q 2023).

  • Net loss: US$11.6m (loss widened by 130% from 1Q 2023).

  • US$0.39 loss per share (further deteriorated from US$0.19 loss in 1Q 2023).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

FreightCar America Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) missed analyst estimates.

The company's shares are up 3.0% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for FreightCar America (1 is potentially serious!) that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.