Earnings Preview For McGrath RentCorp
Portfolio Pulse from Benzinga Insights
McGrath RentCorp (NASDAQ:MGRC) is set to release its latest quarterly earnings report on July 27, 2023. Analysts estimate an earnings per share (EPS) of $0.99. The company's past performance shows a trend of share price increase following earnings reports, even when EPS missed estimates. The company's shares were trading at $92.92 as of July 25, with a 52-week increase of 11.42%.
July 26, 2023 | 5:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
McGrath RentCorp is expected to announce its Q2 earnings on July 27, 2023. The company's stock has generally increased following earnings announcements, even when EPS missed estimates.
The company's stock has shown a trend of increasing following earnings announcements, even when the EPS missed estimates. This suggests that investors have confidence in the company's overall performance and future growth, which could lead to a positive impact on the stock price following the upcoming earnings announcement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100