Recap: McGrath RentCorp Q3 Earnings

McGrath RentCorp 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.

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.

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 2020
EPS Estimate	0.91	0.77	1.03	1.02
EPS Actual	0.92	0.71	1.27	1.15
Revenue Estimate	133.83M	127.96M	143.01M	151.65M
Revenue Actual	146.44M	121.19M	148.98M	156.45M

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