McGrath RentCorp expected to post earnings of 90  cents a share - Earnings Preview

Mcgrath Rentcorp

27/07/2022 03:01

* McGrath RentCorp  MGRC.OQ   MGRC.O  is expected to show a
rise
in quarterly revenue when it reports  results on July 28. 
    * The Livermore California-based  company is expected to
report  a
13.8% increase in revenue to $166.685 million from $146.44
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 90 cents per share. For the same quarter last year,
the company reported earnings of 92 cents 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 $99​, above​ its last closing price of $80.64. ​​​

This summary was machine generated July 27 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated