Tuesday, May 8, 2012

Now, This Is A "Beat" -- Absolutely Nothing To Do With The Bakken -- At Least Directly

Freightcar America beats by $0.48, beats on revs: Reports Q1 (Mar) earnings of $0.81 per share, $0.48 better than the Capital IQ Consensus Estimate of $0.33; revenues rose 203.5% year/year to $219.1 mln vs the $164.81 mln consensus.  The co delivered 2,613 railcars to customers in the first quarter of 2012, of which 2,146 were new cars, 80 were used cars and 387 were leased cars.
I can't remember any estimate so far off.  Earns 81 cents/share; consensus estimate of 33 cents.  The analysts must have underestimated all the unit trains hauling oil out of the Bakken.

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