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

H&E Equipment Services

30/04/2024 15:27

* H&E Equipment Services Inc  HEES.OQ  reported quarterly
adjusted
earnings of 71 cents​​ per share for the quarter ended in March,
identical to the same quarter last year.  The mean expectation
of five analysts for the quarter was for earnings of 78 cents
per share. Wall Street expected results to range from 49 cents
to 86 cents per share.
    * Revenue rose 9.7% to $353.85 million from a year ago;
analysts
expected $352.52 million. 
    * H&E Equipment Services Inc's reported EPS for the quarter
was 71
cents​.
    * The company reported quarterly net income of $25.89
million.
    * H&E Equipment Services Inc shares had fallen by 7.7% this
quarter and gained 13.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.3%
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
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is  "buy."

Wall Street's median 12-month price target for H&E Equipment
Services Inc is $69.00 
This summary was machine generated from LSEG data April 30 at
02:26 p.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
 Mar. 31 2024      0.78           0.71           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