Machinery provider H&E (NASDAQ: HEES) is expected to be reporting earnings this Tuesday before market open. Here’s what investors should know.
H&E Equipment Services missed analysts’ revenue expectations by 11.9% last quarter, reporting revenues of $319.5 million, down 14% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EBITDA and EPS estimates.
Is H&E Equipment Services a buy or sell going into earnings? Read our full analysis here, it’s free.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. H&E Equipment Services has missed Wall Street’s revenue estimates three times over the last two years.
Looking at H&E Equipment Services’s peers in the industrial distributors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Richardson Electronics delivered year-on-year revenue growth of 9.5%, missing analysts’ expectations by 3.7%, and United Rentals reported revenues up 4.5%, topping estimates by 0.8%. Richardson Electronics traded up 10.9% following the results while United Rentals was also up 9.5%.
Read our full analysis of Richardson Electronics’s results here and United Rentals’s results here.
There has been positive sentiment among investors in the industrial distributors segment, with share prices up 6.8% on average over the last month. during the same time.
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