McGrath RentCorp: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
McGrath RentCorp (NASDAQ:MGRC) reported Q4 earnings with an EPS of $1.3, missing estimates by 4.41% against an expected $1.36. Revenue increased by $10.71 million from the previous year. The company had previously beaten EPS estimates in Q3 2023, leading to a 5.32% share price increase the following day.
February 21, 2024 | 9:10 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
McGrath RentCorp reported Q4 earnings with an EPS of $1.3, missing the estimated $1.36, but showed a revenue increase from the previous year.
Missing the EPS estimate typically has a negative short-term impact on stock price, as seen in the past with MGRC's stock price increase following an EPS beat. However, the revenue growth could mitigate some of the negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100