On Thursday 24th October 2024, investors and market participants can expect the release of McGrath Rent (NASDAQ: MGRC) third quarter financial results. This crucial announcement will be made after market close.
In accordance with the forecasts of financial specialists on Wall Street, the establishment is primed to announce an anticipated $3.82 profit per share for the quarter. Additionally, the company is projected to reveal a total revenue of $227.76 million for this particular period.
In the same three months of the year before, the company made income of $1.65 per share, as shown in their financial report. This number came from the total revenue of $243.51 million that the company earned in that particular quarter.
Wall Street analysts have offered their forecasts for the company's yearly performance, predicting a total revenue of $858.64 million. At the same time, they are expecting the company to achieve per share profit of $7.18 for the fiscal year ahead.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.20 | +5.3% | 212.61 M | +4.7% |
| Q1 2024 | $0.93 | +97.9% | 187.83 M | +14.7% |
| Q4 2023 | $1.30 | -19.8% | 221.59 M | +5.1% |
| Q3 2023 | $1.65 | +32.0% | 243.51 M | +21.4% |
| Q2 2023 | $1.14 | +6.5% | 203.03 M | +14.7% |
| *Growth on year-over-year basis | ||||
MGRC has scheduled a conference call on 24th October 2024 at 05:00 PM eastern time to discuss the third quarter financial results and other related information.
McGrath Rent (MGRC) closed Tuesday's regular trading session at $105.98, reflecting a 1.30 percent rise, with a volume of 179.70 thousand shares.
