McGrath RentCorp Q2 EPS $1.14 Beats $0.99 Estimate, Sales $203.03M Beat $194.58M Estimate
Portfolio Pulse from totan@benzinga.com
McGrath RentCorp (NASDAQ:MGRC) reported Q2 earnings of $1.14 per share, beating the analyst consensus estimate of $0.99 by 15.15%. This is a 6.54% increase from the same period last year. The company also reported quarterly sales of $203.03 million, beating the analyst consensus estimate of $194.58 million by 4.34%, a 14.69% increase from the same period last year.
July 27, 2023 | 8:14 pm
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POSITIVE IMPACT
McGrath RentCorp's Q2 earnings and sales exceeded analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price.
McGrath RentCorp's earnings and sales for Q2 have surpassed analyst estimates, which is typically a positive signal for investors and can lead to an increase in the stock price. The year-over-year growth in earnings and sales further strengthens the company's financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100