McGrath RentCorp: Q1 Earnings Insights

McGrath RentCorp (NASDAQ:MGRC) reported its Q1 earnings results on Thursday, May 4, 2023 at 04:01 PM. Here’s what…

byBenzinga Insights

May 4, 2023

1 minute read

McGrath RentCorp (NASDAQ:MGRC) reported its Q1 earnings results on Thursday, May 4, 2023 at 04:01 PM.

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

Earnings

McGrath RentCorp missed estimated earnings by 43.37%, reporting an EPS of $0.47 versus an estimate of $0.83.

Revenue was up $18.34 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.24 which was followed by a 1.41% increase in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	1.38	1.17	0.89	0.72
EPS Actual	1.62	1.25	1.07	0.77
Revenue Estimate	201.16M	187.52M	166.68M	146.41M
Revenue Actual	210.88M	200.54M	177.03M	145.37M

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.

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