How did RAIL's Q4 earnings surprise impact investor sentiment?

FreightCar America's (RAIL) Q4 earnings surprise had a positive impact on investor sentiment, as evidenced by the significant increase in the stock's price following the earnings release. The company reported an earnings per share (EPS) surprise of $0.16, which was likely viewed favorably by investors, given that it exceeded market expectations. |code|Ticker|Name|Date|Revenue Surprise|Revenue Surprise YoY|market_code| |---|---|---|---|---|---|---| |RAIL|RAIL.O|FreightCar America|2024 Q1|1.1358E7|163.44896933132227|185| |RAIL|RAIL.O|FreightCar America|2024 Q2|2.031E7|398.50088183421514|185| |RAIL|RAIL.O|FreightCar America|2024 Q3|-2.599E7|35.67786962332327|185| |RAIL|RAIL.O|FreightCar America|2024 Q4|-1.4324E7|-70.60505002382087|185| The positive sentiment was further reinforced by the overall increase in RAIL's stock price, which rose by 30.56% on October 1, 2024, following the earnings release date. This substantial price movement indicates that investors were likely impressed by the company's performance and outlook, leading to increased confidence in the stock.