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

Mcgrath Rentcorp

27/07/2023 22:01

* McGrath RentCorp  MGRC.OQ  reported quarterly adjusted
earnings
of $1.25​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for earnings of
99 cents per share.
    * Revenue rose 14.7% to $203.03 million from a year ago;
analysts
expected $194.58 million. 
    * McGrath RentCorp's reported EPS for the quarter was
$1.25​.
    * The mean earnings estimate of analysts had fallen by
about 15%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * McGrath RentCorp shares had fallen by 0.3% this
quarter and
lost 6.7% so far this year.
    * The company reported quarterly net income of $30.58
million.
    * Wall Street's median 12-month price target for McGrath
RentCorp
is $120.50 
    * 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 from LSEG Refinitiv data July
27 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.99           1.25           Beat
 Mar. 31 2023      0.84           2.92           Beat
 Dec. 31 2022      1.38           1.62           Beat
 Sep. 30 2022      1.17           1.25           Beat