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

Mcgrath Rentcorp

22/02/2023 22:43

* McGrath RentCorp  MGRC.OQ  reported quarterly adjusted
earnings
of $1.62​​ per share for the quarter ended in December. The mean
expectation of two analysts for the quarter was for earnings of
$1.38 per share.
    * Revenue rose 19.9% to $210.88 million from a year ago;
analysts
expected $201.16 million. 
    * McGrath RentCorp's reported EPS for the quarter was
$1.62​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * McGrath RentCorp shares had risen by 7.2% this quarter.
    * The company reported quarterly net income of $39.64
million.
    * Wall Street's median 12-month price target for McGrath
RentCorp
is $117.00 
    * 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 from Refinitiv data February
22 at 10:43 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.38           1.62           Beat
 Sep. 30 2022      1.17           1.25           Beat
 Jun. 30 2022      0.90           1.07           Beat
 Mar. 31 2022      0.72           0.77           Beat