Greenbrier Companies (The) (GBX, $30.21) is expected to report earnings to fall+908% to 50 cents per share on April 10
Greenbrier Companies (The) (GBX, $30.21) is set to report earnings on April 10, and the expectations are that earnings will fall by a significant 908% to 50 cents per share. This news has already impacted the stock's performance, as GBX moved below its 50-day moving average on April 05, 2023, indicating a change from an upward trend to a downward trend.
This shift in trend is concerning for investors who have been holding onto the stock in hopes of continued growth. In fact, historical data shows that in 28 of 34 similar past instances, the stock price decreased further within the following month. This means that the odds of a continued downward trend are 82%, making it more likely that the stock price will continue to decrease rather than recover in the near term.
As a technical analyst, it's important to consider other key indicators in addition to the moving average to get a better sense of the stock's overall performance. For example, looking at GBX's Relative Strength Index (RSI) can provide insight into whether the stock is oversold or overbought. Currently, GBX's RSI is at 30.55, indicating that the stock is oversold and potentially undervalued. However, given the recent trend shift and the expected earnings report, this oversold condition may not be enough to reverse the downward trend.
Additionally, monitoring GBX's trading volume can provide insights into investor sentiment. If trading volume is increasing alongside the downward trend, it could indicate a significant bearish sentiment and further price drops may be likely. Conversely, if trading volume decreases and stabilizes, it could indicate that the stock is reaching a floor and may start to recover.
The expected earnings report for Greenbrier Companies (The) (GBX) is a significant indicator that the stock's performance will shift from an upward trend to a downward trend. The historical data indicates that the odds of a continued downward trend are high, and other key indicators such as the RSI and trading volume suggest that this trend may persist in the near term. As always, investors should carefully consider their risk tolerance and investment goals before making any decisions about buying or selling GBX.
GBX sees MACD Histogram just turned negative
GBX saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 15, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 38 instances where the indicator turned negative. In of the 38 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for GBX moved out of overbought territory on April 04, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on April 16, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GBX as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GBX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GBX broke above its upper Bollinger Band on April 03, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
GBX moved above its 50-day moving average on March 19, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GBX advanced for three days, in of 309 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 242 cases where GBX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.242) is normal, around the industry mean (2.086). P/E Ratio (15.301) is within average values for comparable stocks, (27.781). GBX's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.604). Dividend Yield (0.023) settles around the average of (0.037) among similar stocks. P/S Ratio (0.464) is also within normal values, averaging (4.289).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GBX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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General Information
a manufacturer of and distributes railcars and related transportation equipment
Industry Railroads