The Greenbrier Companies, Inc. (GBX) saw a significant rise in its stock price on Friday following the release of its upbeat earnings report. The company posted adjusted earnings of 96 cents per share, surpassing market estimates of 73 cents per share. As a result, Greenbrier’s shares surged by 13.8% to reach $50.50.
Greenbrier, a leading supplier of transportation equipment and services to the railroad industry, also provided its revenue guidance for the fiscal year 2024. The company expects to generate revenue between $3.4 billion and $3.7 billion, which is slightly higher than market estimates of $3.58 billion.
Investors reacted positively to Greenbrier’s strong earnings and optimistic outlook, driving the stock price higher. The company’s robust performance reflects its ability to capitalize on the growing demand for transportation equipment in the railroad industry.
In addition to Greenbrier, several other stocks recorded gains in Friday’s trading session. AxoGen, Inc. (AXGN) witnessed a 20.4% increase in its stock price after reporting preliminary unaudited revenue for the fourth quarter and full-year 2023. The company also announced that its President and Chief Executive Officer, Karen Zaderej, plans to retire from the company by January 2025.
Kura Sushi USA, Inc. (KRUS) saw a 15.7% gain in its stock price following the release of its first-quarter results. Peloton Interactive, Inc. (PTON) also experienced a 13.1% increase in its stock price.
VTEX (VTEX) witnessed a jump of 12.8% after Morgan Stanley analyst Cesar Medina upgraded the stock from Equal-Weight to Overweight and raised the price target.
Jin Medical International Ltd. (ZJYL) and Puyi Inc. (PUYI) gained 12.4% and 11.5% respectively, while The Pennant Group, Inc. (PNTG) rose by 9.5%. Bridger Aerospace Group Holdings, Inc. (BAER) and CARGO Therapeutics, Inc. (CRGX) experienced increases of 8.4% and 8.3% respectively.
Elanco Animal Health Incorporated (ELAN) climbed 8% after Stifel analyst Jonathan Block upgraded the stock from Hold to Buy and raised the price target.
ChargePoint Holdings, Inc. (CHPT), PagSeguro Digital Ltd. (PAGS), and Foot Locker, Inc. (FL) also recorded gains of 7.6%, 5.6%, and 4.6% respectively.
Overall, Friday’s trading session showed positive momentum for several stocks, with Greenbrier leading the way with its impressive earnings report. Investors are optimistic about the future prospects of these companies, as they continue to demonstrate strong financial performance and capitalize on market opportunities.
