H&E Equipment Services Inc reports results for the quarter ended in September 30 - Earnings Summary

H&E Equipment Services

29/10/2024 17:37

* H&E Equipment Services Inc  HEES.OQ  reported quarterly
adjusted
earnings of 85 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of $1.46.  The mean expectation of six analysts for
the quarter was for earnings of $1.01 per share. Wall Street
expected results to range from 92 cents to $1.08 per share.
    * Revenue fell 4% to $384.86 million from a year ago;
analysts
expected $388.18 million. 
    * H&E Equipment Services Inc's reported EPS for the quarter
was 85
cents​.
    * The company reported quarterly net income of $31.07
million.
    * H&E Equipment Services Inc shares had risen by 16.2% this
quarter and gained 8.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.1%
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 3 "strong buy" or "buy," 2
"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 61.00 
This summary was machine generated from LSEG data October 29 at
05:37 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
 Sep. 30 2024      1.01           0.85           Missed
 Jun. 30 2024      1.03           0.91           Missed
 Mar. 31 2024      0.78           0.71           Missed
 Dec. 31 2023      1.22           1.47           Beat