Genesee & Wyoming (GWR) Misses On Q1 Earnings & Revenues
Zacks Investment Research | May 01, 2019 10:54PM ET
Genesee & Wyoming Inc.’s (NYSE:GWR) first-quarter 2019 adjusted earnings of 78 cents per share missed the Zacks Consensus Estimate of 83 cents. However, the bottom line skyrocketed 11.4% on a year-over-year basis. Results were partly affected by bad weather conditions.
Operating revenues slipped 2.9% year over year to $558 million and also lagged the Zacks Consensus Estimate of $569 million. Freight revenues accounting for bulk (69.7%) of the top line dipped 2.7% to $388.79 million. Freight-related revenues contributing to 24.4% of the top line also slid 3.5% to $136.26 million. The balance came from ‘other revenues’.
Total operating expenses (on a reported basis) decreased 1.9% to $478.38 million. Operating income (on a reported basis) was down 8.3% to $79.71 million in the reported quarter. The metric, on an adjusted basis, inched up 0.5% to $87.8 million, despite severe weather conditions.
During the first quarter of 2019, this Zacks Rank #3 (Hold) company repurchased 64,860 shares worth $4.8 million. You can see .
Genesee & Wyoming, Inc. Price, Consensus and EPS Surprise
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