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

Mcgrath Rentcorp

25/07/2024 22:22

* McGrath RentCorp  MGRC.OQ  reported quarterly adjusted
earnings
of 84 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of $1.14.  The mean expectation of two analysts for the quarter
was for earnings of $1.25 per share. Wall Street expected
results to range from $1.18  to $1.32 per share.
    * Revenue rose 4.7% to $212.61 million from a year ago;
analysts
expected $210.23 million. 
    * McGrath RentCorp's reported EPS for the quarter was 84
cents​.
    * The company reported quarterly net income of $20.62
million.
    * McGrath RentCorp shares had risen by 4.8% this quarter and
lost 6.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 
    * Wall Street's median 12-month price target for McGrath
RentCorp
is $120.00 

This summary was machine generated from LSEG data July 25 at
09:22 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
 Jun. 30 2024      1.25           0.84           Missed
 Mar. 31 2024      0.73           0.54           Missed
 Dec. 31 2023      1.37           1.30           Missed
 Sep. 30 2023      1.25           1.49           Beat