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

Mcgrath Rentcorp

04/05/2023 22:02

* McGrath RentCorp  MGRC.OQ  reported quarterly adjusted
earnings
of $2.92​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for earnings of
84 cents per share.
    * Revenue rose 12.6% to $163.72 million from a year ago;
analysts
expected $158.45 million. 
    * McGrath RentCorp's reported EPS for the quarter was
$2.92​.
    * The mean earnings estimate of analysts had risen by
about 8.4%
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 5.2% this
quarter and
lost 10.4% so far this year.
    * The company reported quarterly net income of $71.66
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 May
4 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.84           2.92           Beat
 Dec. 31 2022      1.38           1.62           Beat
 Sep. 30 2022      1.17           1.25           Beat
 Jun. 30 2022      0.90           1.07           Beat