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

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

EquipmentShare.com Trading Up 5.7%

Shares of EQPT stock traded up $1.40 during mid-day trading on Wednesday, reaching $25.95. 4,402,552 shares of the stock traded hands, compared to its average volume of 2,076,998. The business has a fifty day moving average price of $22.71. EquipmentShare.com has a 1-year low of $17.95 and a 1-year high of $35.50.

Analysts Set New Price Targets

EQPT has been the topic of several research analyst reports. Weiss Ratings raised EquipmentShare.com from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group initiated coverage on EquipmentShare.com in a research note on Tuesday, February 17th. They issued a “buy” rating and a $51.00 price objective on the stock. Zacks Research raised EquipmentShare.com to a “hold” rating in a research note on Wednesday, February 18th. Citizens Jmp initiated coverage on EquipmentShare.com in a research note on Tuesday, February 17th. They issued a “market outperform” rating and a $42.00 price objective on the stock. Finally, Wells Fargo & Company reduced their price objective on EquipmentShare.com from $35.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, EquipmentShare.com currently has an average rating of “Hold” and an average target price 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.