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

Mcgrath Rentcorp

28/04/2022 22:39

* McGrath RentCorp  MGRC.OQ  reported quarterly adjusted
earnings
of 77 cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for earnings of
72 cents per share.
    * Revenue rose 19.9% to $145.37 million from a year ago; 
analysts
expected $146.41 million. 
    * McGrath RentCorp's reported EPS for the quarter was 77
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.4%
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 fallen by 0.1% this
quarter and
gained 5.8% so far this year.
    * The company reported quarterly net income of $18.79
million.
    * Wall Street's median 12-month price target for McGrath
RentCorp
is $95.00 
    * 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 April 28 at 09:39 p.m.  ​All
figures in US dollars unless otherwise stated