McGrath RentCorp expected to post earnings of $1.24 a share - Earnings Preview

Mcgrath Rentcorp

27/10/2021 11:06

* McGrath RentCorp  MGRC.OQ   MGRC.O  is expected to show a rise
in quarterly revenue when it reports results on October 28. 
* The Livermore, California-based company is expected to report 
a 13.5% increase in revenue to $177.614 million from $156.45
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for McGrath RentCorp is for
earnings of $1.24 per share. For the same quarter last year, the
company reported earnings of $1.15 per share.
* The current average analyst rating on the shares is "strong
buy" and the breakdown of recommendations is 3 "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 $97​, about 21.7% above​ its last closing price
of $75.99. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  0.95        0.91       0.92      Beat    1.1
 Mar. 31 2021  0.79        0.77       0.71      Missed  -8.2
 Dec. 31 2020  1.05        1.03       1.27      Beat    23.3​
 Sep. 30 2020  1.05        1.02       1.15      Beat    12.4
 Jun.          0.45​       0.40       0.92      Beat    131.9​
 30​ 2020​                                              
 Mar. 31 2020  0.75        0.75       0.81      Beat    8.7​
 Dec. 31 2019  0.88        0.94       1.07      Beat    14.2
 Sep. 30 2019  1.03        1.03       1.32      Beat    28.2
 This summary was machine generated October 27 at 10:06 GMT.  All
figures in US dollars unless otherwise stated