WillScot Holdings Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 02, 2024

WillScot Holdings (NASDAQ:WSC) Third Quarter 2024 Results

Key Financial Results

Revenue: US$601.4m (flat on 3Q 2023).
Net loss: US$70.5m (down by 177% from US$91.5m profit in 3Q 2023).
US$0.37 loss per share (down from US$0.47 profit in 3Q 2023).

earnings-and-revenue-growth — NasdaqCM:WSC Earnings and Revenue Growth November 2nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

WillScot Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's shares are down 6.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for WillScot Holdings you should be aware of, and 1 of them is a bit concerning.

Valuation is complex, but we're here to simplify it.

Discover if WillScot Holdings might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.