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McGrath RentCorp's Earnings Outlook

McGrath RentCorp (NASDAQ:MGRC) is set to give its latest quarterly earnings report on Thursday, 2022-07-28. Here's what investors need to know before the announcement. Analysts estimate that McGrath RentCorp will report an earnings per share (EPS) of $0.89...

Benzinga · 07/27/2022 12:50

McGrath RentCorp (NASDAQ:MGRC) is set to give its latest quarterly earnings report on Thursday, 2022-07-28. Here's what investors need to know before the announcement.

Analysts estimate that McGrath RentCorp will report an earnings per share (EPS) of $0.89.

McGrath RentCorp bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat 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 and the resulting price change:

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
Price Change % -1.48% 10.35% -4.15% -5.73%

eps graph

Stock Performance

Shares of McGrath RentCorp were trading at $80.64 as of July 26. Over the last 52-week period, shares are up 2.96%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

TO TRACK ALL EARNINGS RELEASES FOR MCGRATH RENTCORP VISIT THEIR EARNINGS CALENDAR ON OUR SITE.

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