H&E Equipment Servs Q1 2024 GAAP EPS $0.71 Misses $0.77 Estimate, Sales $371.357M Beat $352.518M Estimate
Portfolio Pulse from Benzinga Newsdesk
H&E Equipment Services (HEES) reported Q1 2024 earnings of $0.71 per share, missing the consensus estimate of $0.77. However, their sales of $371.357M exceeded the estimate of $352.518M, marking a 15.16% increase from the previous year.
April 30, 2024 | 11:05 am
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H&E Equipment Services missed EPS estimates but exceeded sales forecasts for Q1 2024, showing significant year-over-year growth.
While missing the EPS estimate could negatively impact investor sentiment, the significant beat on sales forecasts and the year-over-year growth could offset this, leading to a neutral short-term impact on HEES's stock price.
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