H&E Equipment Services Inc reports results for the quarter ended in December - Earnings Summary

H&E Equipment Services

23/02/2024 03:06

* H&E Equipment Services Inc  HEES.OQ  reported quarterly
adjusted
earnings of $1.47​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $1.41.  The mean expectation of six analysts for
the quarter was for earnings of $1.22 per share. Wall Street
expected results to range from 95 cents to $1.37 per share.
    * Revenue rose 9.3% to $385.81 million from a year ago;
analysts
expected $382.59 million. 
    * H&E Equipment Services Inc's reported EPS for the quarter
was
$1.47​.
    * The company reported quarterly net income of $53.52
million.
    * H&E Equipment Services Inc shares had risen by 4.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for H&E Equipment
Services Inc is $64.50 
This summary was machine generated from LSEG data February 23 at
03:06 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.22           1.47           Beat
 Sep. 30 2023      1.35           1.46           Beat
 Jun. 30 2023      1.02           1.14           Beat
 Mar. 31 2023      0.68           0.71           Beat