EquipmentShare.com (NASDAQ:EQPT) Announces Earnings Results, Beats Expectations By $0.15 EPS

EquipmentShare.com (NASDAQ:EQPT) released its quarterly earnings results on Wednesday. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.15, Zacks reports. The company had revenue of $989.00 million during the quarter. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year.

EquipmentShare.com Price Performance

NASDAQ:EQPT traded up $1.40 during trading on Wednesday, reaching $25.95. The company’s stock had a trading volume of 4,402,552 shares, compared to its average volume of 2,076,998. The company has a 50 day simple moving average of $22.71. EquipmentShare.com has a 12 month low of $17.95 and a 12 month high of $35.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EQPT shares. Zacks Research raised EquipmentShare.com to a “hold” rating in a research report on Wednesday, February 18th. Citizens Jmp started coverage on EquipmentShare.com in a research report on Tuesday, February 17th. They issued a “market outperform” rating and a $42.00 price target for the company. Citigroup lowered their price target on EquipmentShare.com from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. The Goldman Sachs Group started coverage on EquipmentShare.com in a research report on Tuesday, February 17th. They issued a “buy” rating and a $51.00 price target for the company. Finally, UBS Group assumed coverage on EquipmentShare.com in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $36.00 price target for the company. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, EquipmentShare.com presently has an average rating of “Hold” and a consensus price target of $38.88.

EquipmentShare.com Company Profile

EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.