H&E Equipment Servs Q2 EPS $0.91 Misses $1.03 Estimate, Sales $376.28M Miss $382.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
H&E Equipment Services (NASDAQ:HEES) reported Q2 earnings per share of $0.91, missing the analyst estimate of $1.03. Sales were $376.28 million, also below the $382.05 million estimate. EPS decreased by 20.18% year-over-year, while sales increased by 4.46%.
July 30, 2024 | 11:03 am
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H&E Equipment Services reported Q2 EPS of $0.91, missing the $1.03 estimate, and sales of $376.28M, missing the $382.05M estimate. EPS decreased by 20.18% YoY, while sales increased by 4.46%.
The missed earnings and sales estimates, along with a significant year-over-year decrease in EPS, are likely to negatively impact HEES's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100