McGrath RentCorp reports results for the quarter ended December 31 - Earnings Summary

Mcgrath Rentcorp

19/02/2025 22:02

* McGrath RentCorp  MGRC.OQ  reported quarterly adjusted
earnings
of $1.58​​ per share for the quarter ended December 31, higher
than the same quarter last year, when the company reported EPS
of $1.30.  The mean expectation of three analysts for the
quarter was for earnings of $1.49 per share. Wall Street
expected results to range from $1.46  to $1.51 per share.
    * Revenue rose 10% to $243.75 million from a year ago;
analysts
expected $246.93 million. 
    * McGrath RentCorp's reported EPS for the quarter was
$1.58​.
    * The company reported quarterly net income of $38.95
million.
    * McGrath RentCorp shares had risen by 9.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is  "buy."

Wall Street's median 12-month price target for McGrath RentCorp
is $139.00 
This summary was machine generated from LSEG data February 19 at
10:01 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
 Dec. 31 2024      1.49           1.58           Beat
 Sep. 30 2024      3.83           1.87           Missed
 Jun. 30 2024      1.25           0.84           Missed
 Mar. 31 2024      0.73           0.54           Missed