H&E Equipment Servs Q3 Adj EPS $1.46 Beats $1.35 Estimate, Sales $400.70M Beat $382.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
H&E Equipment Servs (NASDAQ:HEES) reported Q3 adjusted earnings of $1.46 per share, beating the analyst consensus estimate of $1.35 by 8.15%. This is a 39.05% increase from the same period last year. The company also reported quarterly sales of $400.70 million, surpassing the analyst consensus estimate of $382.29 million by 4.81%. This represents a 23.56% increase from the same period last year.
October 26, 2023 | 11:01 am
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POSITIVE IMPACT
H&E Equipment Servs reported strong Q3 results, beating both earnings and sales estimates. This positive performance could potentially lead to a short-term increase in the company's stock price.
H&E Equipment Servs reported a significant increase in both earnings 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 an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100