McGrath RentCorp (NASDAQ:MGRC) reported its Q2 earnings results on Thursday, July 28, 2022 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
McGrath RentCorp beat estimated earnings by 20.22%, reporting an EPS of $1.07 versus an estimate of $0.89.
Revenue was up $30.60 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 1.48% drop in the share price the next day.
Here’s a look at McGrath RentCorp’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.72 | 1.14 | 1.24 | 0.91 |
| EPS Actual | 0.77 | 1.16 | 0.95 | 0.92 |
| Revenue Estimate | 146.41M | 175.51M | 177.61M | 133.83M |
| Revenue Actual | 145.37M | 175.91M | 173.29M | 146.44M |
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.
