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

Mcgrath Rentcorp

23/02/2022 22:02

* McGrath RentCorp  MGRC.OQ  reported quarterly adjusted
earnings
of $1.16​​ per share for the quarter ended in December. The mean
expectation of two analysts for the quarter was for earnings of
$1.15 per share.
    * Revenue rose 18.1% to $175.91 million from a year ago; 
analysts
expected $175.51 million. 
    * McGrath RentCorp's reported EPS for the quarter was
$1.16​.
    * The mean earnings estimate of analysts had fallen by
about 4.2%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * McGrath RentCorp shares had fallen by 9.1% this quarter.
    * The company reported quarterly net income of $28.45
million.
    * Wall Street's median 12-month price target for McGrath
RentCorp
is $89.50 
    * 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." 

This summary was machine generated February 23 at 10:02 p.m.
 ​All figures in US dollars unless otherwise stated