McGrath RentCorp Q1 2024 GAAP EPS $0.93 Beats $0.73 Estimate, Sales $187.827M Beat $172.078M Estimate
Portfolio Pulse from Benzinga Newsdesk
McGrath RentCorp (NASDAQ:MGRC) reported Q1 2024 earnings of $0.93 per share, surpassing the $0.73 estimate by 27.4%, and a 97.87% increase from last year. Sales reached $187.827M, beating the $172.078M estimate by 9.15%, and marking a 14.73% increase from the previous year.
April 25, 2024 | 8:17 pm
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POSITIVE IMPACT
McGrath RentCorp reported a significant beat on both earnings and sales estimates for Q1 2024, with earnings per share at $0.93 and sales at $187.827M.
The substantial beat on both earnings per share and sales estimates for Q1 2024 indicates a strong financial performance by McGrath RentCorp, likely leading to positive investor sentiment and a potential increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100