NEW YORK (TheStreet) --Shares of Greenbrier Companies Inc. (GBX) are gaining 11.34% to $64.31 in early morning trading on Wednesday after the company reported 2014 third quarter net earnings that increased to $33.6 million, or $1.03 per diluted share, compared to $15.7 million, or 50 cents per diluted share for the year ago period.
Analysts expected the company, which designs, manufacturers, and markets railroad freight car equipment, to post an EPS of 74 cents.
Greenbrier expects to report fourth quarter EPS between $2.98 and $3.08, while the consensus estimate is for EPS between 86 cents and $2.61.
Must Read: Warren Buffett's 25 Favorite Stocks
Separately, TheStreet Ratings team rates GREENBRIER COMPANIES INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate GREENBRIER COMPANIES INC (GBX) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."