EquipmentShare.com (NASDAQ:EQPT – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.15, Zacks reports. The firm had revenue of $989.00 million during the quarter. The business’s revenue for the quarter was up 38.1% compared to the same quarter last year.
EquipmentShare.com Stock Performance
Shares of NASDAQ EQPT traded down $0.62 during midday trading on Friday, reaching $23.88. 1,527,232 shares of the company’s stock traded hands, compared to its average volume of 1,756,904. The stock’s 50 day moving average is $22.60. EquipmentShare.com has a one year low of $17.95 and a one year high of $35.50.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on EQPT. Truist Financial reissued a “buy” rating and issued a $41.00 price objective (up from $34.00) on shares of EquipmentShare.com in a research report on Friday. Wall Street Zen raised shares of EquipmentShare.com from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. KeyCorp began coverage on shares of EquipmentShare.com in a research report on Tuesday, February 17th. They set a “sector weight” rating on the stock. Oppenheimer began coverage on shares of EquipmentShare.com in a research report on Tuesday, February 17th. They set an “outperform” rating and a $39.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on shares of EquipmentShare.com in a research report on Tuesday, February 17th. They set a “buy” rating and a $51.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, EquipmentShare.com presently has a consensus rating of “Hold” and a consensus target price of $40.25.
About EquipmentShare.com
EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.
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