McGrath RentCorp Q3 2024 Adj EPS $1.87, Sales $266.76M Beat $227.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
McGrath RentCorp reported Q3 2024 earnings of $1.87 per share and sales of $266.76 million, surpassing analyst estimates of $227.76 million. This represents a 9.55% increase in sales compared to the same period last year.
October 24, 2024 | 8:05 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
McGrath RentCorp reported better-than-expected Q3 2024 earnings and sales, with EPS of $1.87 and sales of $266.76 million, beating estimates by 17.12%. Sales increased by 9.55% year-over-year.
The company's earnings and sales significantly exceeded analyst expectations, which is likely to positively impact the stock price in the short term. The 9.55% year-over-year sales growth further supports a positive outlook.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100