McGrath RentCorp expected to post earnings of 91 cents a share - Earnings Preview

Mcgrath Rentcorp

31/07/2021 03:02

* McGrath RentCorp  MGRC.OQ   MGRC.O  is expected to show a fall
in quarterly revenue when it reports results on August 3. 
* The Livermore, California-based company is expected to report 
 a 2.8% decrease in revenue to $133.828 million from $137.67
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 91 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 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 19.2% above​ its last closing price
of $78.42. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 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. 30 2020  0.45        0.40       0.92      Beat    131.9
 Mar.          0.75​       0.75       0.81      Beat    8.7​
 31​ 2020​                                              
 Dec. 31 2019  0.88        0.94       1.07      Beat    14.2​
 Sep. 30 2019  1.03        1.03       1.32      Beat    28.2
 Jun. 30 2019  0.72        0.72       0.79      Beat    9.2
 This summary was machine generated July 31 at 02:02 GMT.  All
figures in US dollars unless otherwise stated