McGrath RentCorp expected to post earnings of $1.15 a share - Earnings Preview

Mcgrath Rentcorp

22/02/2022 03:05

* McGrath RentCorp  MGRC.OQ   MGRC.O  is expected to show a
rise
in quarterly revenue when it reports  results on February 23. 
    * The Livermore California-based  company is expected to
report  a
17.8% increase in revenue to $175.512 million from $148.98
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for McGrath RentCorp is
for
earnings of $1.15 per share. For the same quarter last year, the
company reported earnings of $1.27 per share.
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for McGrath
RentCorp
is $89.5​, about 16.6% above​ its last closing price
of $74.63. ​​​

This summary was machine generated February 22 at 03:05 GMT. 
All figures in US dollars  unless otherwise stated