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What's in the Offing for H&E Equipment's (HEES) Q2 Earnings?
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H&E Equipment Services, Inc. (HEES - Free Report) is scheduled to report second-quarter 2019 results on Jul 25, before the opening bell. H&E Equipment has an impressive earnings surprise history having surpassed the Zacks Consensus Estimate in three of the trailing four quarters, with an average positive surprise of 31.47%.
Which Way Are Q2 Estimates Headed?
The Zacks Consensus Estimate for second-quarter revenues is pegged at $328.7 million, indicating an improvement of 5.91% from the year-ago quarter. The same for earnings stands at 58 cents, at same level as the prior-year reported figure. Notably, the consensus mark has remained unchanged over the past 30 days.
H&E Equipment Services, Inc. Price and EPS Surprise
Shares of the company have plunged 31.4% in a year, compared with the industry’s decline of 3.1%.
Will the upcoming earnings release provide a boost to H&E Equipment Services’ stock? Let’s take a look.
Factors at Play
The company’s top-line will benefit from solid end user market demand. Demand for equipment in non-residential and other end user construction markets remains solid. Notably, the American Institute Architects is projecting non-residential construction to improve 4.4% throughout 2019. Activity in energy-related markets remained at steady levels in the June-ended quarter. Increased spending for transportation and infrastructure-related projects also bode well. Results in the quarter will also reflect the impact of acquisitions of Contractors Equipment Center, Rental Inc. and We-Rent-It.
Gross margin performance in the quarter will benefit from performance improvements within the various revenue segments. However, SG&A expenses will be likely be elevated in the to-be-reported quarter owing to higher employee salaries, wages, payroll taxes and related employee benefit and other employee-related expenses on account of acquisitions, a larger workforce and higher incentive compensation related to improved profitability. This will weigh on operating margins in the June ending quarter.
Earnings Whispers
Our proven model does not show that H&E Equipment Services is likely to beat earnings estimates this quarter. This is because a stock needs to have both — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: H&E Equipment Services’ Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%.
Zacks Rank: H&E Equipment Services currently has a Zacks Rank #4 (Sell). Notably, we caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a few Industrial Products stocks which you may consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
AptarGroup, Inc. (ATR - Free Report) has a Zacks Rank #2 and an Earnings ESP of +0.56%. The stock has gained 29.7% over the past year.
Napco Security Technologies, Inc. (NSSC - Free Report) , a Zacks Rank #2 stock, has an Earnings ESP of +4.00%. The stock has surged 54.3% in a year’s time.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
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What's in the Offing for H&E Equipment's (HEES) Q2 Earnings?
H&E Equipment Services, Inc. (HEES - Free Report) is scheduled to report second-quarter 2019 results on Jul 25, before the opening bell. H&E Equipment has an impressive earnings surprise history having surpassed the Zacks Consensus Estimate in three of the trailing four quarters, with an average positive surprise of 31.47%.
Which Way Are Q2 Estimates Headed?
The Zacks Consensus Estimate for second-quarter revenues is pegged at $328.7 million, indicating an improvement of 5.91% from the year-ago quarter. The same for earnings stands at 58 cents, at same level as the prior-year reported figure. Notably, the consensus mark has remained unchanged over the past 30 days.
H&E Equipment Services, Inc. Price and EPS Surprise
H&E Equipment Services, Inc. price-eps-surprise | H&E Equipment Services, Inc. Quote
Shares of the company have plunged 31.4% in a year, compared with the industry’s decline of 3.1%.
Will the upcoming earnings release provide a boost to H&E Equipment Services’ stock? Let’s take a look.
Factors at Play
The company’s top-line will benefit from solid end user market demand. Demand for equipment in non-residential and other end user construction markets remains solid. Notably, the American Institute Architects is projecting non-residential construction to improve 4.4% throughout 2019. Activity in energy-related markets remained at steady levels in the June-ended quarter. Increased spending for transportation and infrastructure-related projects also bode well. Results in the quarter will also reflect the impact of acquisitions of Contractors Equipment Center, Rental Inc. and We-Rent-It.
Gross margin performance in the quarter will benefit from performance improvements within the various revenue segments. However, SG&A expenses will be likely be elevated in the to-be-reported quarter owing to higher employee salaries, wages, payroll taxes and related employee benefit and other employee-related expenses on account of acquisitions, a larger workforce and higher incentive compensation related to improved profitability. This will weigh on operating margins in the June ending quarter.
Earnings Whispers
Our proven model does not show that H&E Equipment Services is likely to beat earnings estimates this quarter. This is because a stock needs to have both — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: H&E Equipment Services’ Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%.
Zacks Rank: H&E Equipment Services currently has a Zacks Rank #4 (Sell). Notably, we caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a few Industrial Products stocks which you may consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
John Bean Technologies Corporation (JBT - Free Report) has an Earnings ESP of +1.71% and a Zacks Rank of 1. The stock has appreciated 29.5% over the past year. You can seethe complete list of today’s Zacks #1 Rank stocks here.
AptarGroup, Inc. (ATR - Free Report) has a Zacks Rank #2 and an Earnings ESP of +0.56%. The stock has gained 29.7% over the past year.
Napco Security Technologies, Inc. (NSSC - Free Report) , a Zacks Rank #2 stock, has an Earnings ESP of +4.00%. The stock has surged 54.3% in a year’s time.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>