Recap: McGrath RentCorp Q2 Earnings

McGrath RentCorp 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.

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.

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.

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