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

Mcgrath Rentcorp

28/07/2022 22:02

* McGrath RentCorp  MGRC.OQ  reported quarterly adjusted
earnings
of $1.07​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for earnings of
90 cents per share.
    * Revenue rose 20.9% to $177.03 million from a year ago;
analysts
expected $166.69 million. 
    * McGrath RentCorp's reported EPS for the quarter was
$1.07​.
    * The mean earnings estimate of analysts had risen by
about 1.1%
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 6.8% this quarter and
gained 1.1% so far this year.
    * The company reported quarterly net income of $26.14
million.
    * Wall Street's median 12-month price target for McGrath
RentCorp
is $99.00 
    * 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 July 28
at 09:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.90           1.07           Beat
 Mar. 31 2022      0.72           0.77           Beat
 Dec. 31 2021      1.15           1.16           Beat
 Sep. 30 2021      1.24           0.95           Missed