Stock Analysis
- United States
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- Trade Distributors
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- NasdaqGS:HEES
H&E Equipment Services Third Quarter 2024 Earnings: EPS Misses Expectations
H&E Equipment Services (NASDAQ:HEES) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$384.9m (down 4.0% from 3Q 2023).
- Net income: US$31.1m (down 36% from 3Q 2023).
- Profit margin: 8.1% (down from 12% in 3Q 2023).
- EPS: US$0.86 (down from US$1.35 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
H&E Equipment Services EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Trade Distributors industry in the US.
Performance of the American Trade Distributors industry.
The company's shares are down 1.7% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for H&E Equipment Services that you need to take into consideration.
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About NasdaqGS:HEES
H&E Equipment Services
Operates as an integrated equipment services company in the United States.