H&E Equipment Servs Q2 EPS $1.14 Beats $1.02 Estimate, Sales $360.23M Beat $344.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
H&E Equipment Servs (NASDAQ:HEES) reported Q2 earnings of $1.14 per share, beating the analyst consensus estimate of $1.02 by 11.76%. This is a 50% increase from the same period last year. The company also reported quarterly sales of $360.23 million, beating the analyst consensus estimate of $344.85 million by 4.46%. This is a 22.25% increase from the same period last year.
July 27, 2023 | 11:10 am
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POSITIVE IMPACT
H&E Equipment Servs reported strong Q2 results, beating both earnings and sales estimates. This positive performance could lead to a short-term increase in the company's stock price.
H&E Equipment Servs reported a significant increase in both earnings per share and sales compared to the same period last year, and also beat analyst estimates. This strong performance indicates a healthy financial state for the company, which is likely to be positively received by investors and could lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100