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Compared to Estimates, WillScot (WSC) Q3 Earnings: A Look at Key Metrics
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WillScot (WSC - Free Report) reported $604.83 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 0.1%. EPS of $0.46 for the same period compares to $0.39 a year ago.
The reported revenue represents a surprise of -0.65% over the Zacks Consensus Estimate of $608.79 million. With the consensus EPS estimate being $0.45, the EPS surprise was +2.22%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how WillScot performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- North America Modular: $387.81 million versus the three-analyst average estimate of $392.87 million. The reported number represents a year-over-year change of +3.3%.
Revenue- North America Storage: $217.03 million versus the three-analyst average estimate of $220.22 million. The reported number represents a year-over-year change of +7.1%.
Adjusted EBITDA- North America Storage: $117.09 million versus the three-analyst average estimate of $106.65 million.
Adjusted EBITDA- North America Modular: $148.39 million compared to the $152.56 million average estimate based on three analysts.
Shares of WillScot have returned -4.1% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, WillScot (WSC) Q3 Earnings: A Look at Key Metrics
WillScot (WSC - Free Report) reported $604.83 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 0.1%. EPS of $0.46 for the same period compares to $0.39 a year ago.
The reported revenue represents a surprise of -0.65% over the Zacks Consensus Estimate of $608.79 million. With the consensus EPS estimate being $0.45, the EPS surprise was +2.22%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how WillScot performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- North America Modular: $387.81 million versus the three-analyst average estimate of $392.87 million. The reported number represents a year-over-year change of +3.3%.
- Revenue- North America Storage: $217.03 million versus the three-analyst average estimate of $220.22 million. The reported number represents a year-over-year change of +7.1%.
- Adjusted EBITDA- North America Storage: $117.09 million versus the three-analyst average estimate of $106.65 million.
- Adjusted EBITDA- North America Modular: $148.39 million compared to the $152.56 million average estimate based on three analysts.
View all Key Company Metrics for WillScot here>>>Shares of WillScot have returned -4.1% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.