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McGrath RentCorp: Q4 Earnings Insights

Author: Benzinga Insights | February 21, 2024 05:10pm

McGrath RentCorp (NASDAQ:MGRC) reported its Q4 earnings results on Wednesday, February 21, 2024 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

McGrath RentCorp missed estimated earnings by 4.41%, reporting an EPS of $1.3 versus an estimate of $1.36.

Revenue was up $10.71 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.4 which was followed by a 5.32% increase in the share price the next day.

Here's a look at McGrath RentCorp's past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 1.25 0.99 0.83 1.38
EPS Actual 1.65 1.14 0.47 1.62
Revenue Estimate 214.58M 194.58M 158.45M 201.16M
Revenue Actual 243.51M 203.03M 163.72M 210.88M

To track all earnings releases for McGrath RentCorp visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: MGRC

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