Benzinga | Oct 28, 2021 04:41PM EDT

Recap: McGrath RentCorp Q3 Earnings

McGrath RentCorp (NASDAQ:MGRC) reported its Q3 earnings results on Thursday, October 28, 2021 at 04:00 PM.

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

Earnings

McGrath RentCorp missed their estimated earnings by 23.39%, reporting an EPS of $0.95 versus an estimate of $1.24, which surprised analysts.

Revenue was up $16,844,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01, which was followed by a 5.73% drop in the share price the next day.

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



Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.91 0.77 1.03 1.02EPS Actual 0.92 0.71 1.27 1.15Revenue Estimate 133.83M 127.96M 143.01M 151.65MRevenue Actual 146.44M 121.19M 148.98M 156.45M

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