HEES Earnings Prediction
The chart below shows how HEES performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HEES sees a +3.74% change in stock price 10 days leading up to the earnings, and a +6.80% change 10 days following the report. On the earnings day itself, the stock moves by -4.06%. This data can give you a slight idea of what to expect for the next quarter's release.
HEES Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
384.86M
-3.95%
2.28%
Gross Margin
44.55%
-5.23%
-2.13%
Operating Margin
15.33%
-27.00%
-2.97%
Net Margin
8.07%
-33.85%
-8.71%
EPS
0.85
-37.04%
-6.59%
No Data Available
HEES Earnings Analysis
H&E Equipment Services, Inc. Corporation (HEES.O) Earnings Conference Call
Positive
High Rental Equipment Margins: Margins on the sales of rental equipment exceeded 60% in the quarter.
Equipment Rental Revenue Increase: Total equipment rental revenues improved 3.3% in the quarter, driven by the addition of 27 new locations since the close of the third quarter of 2023.
Equipment Rental Revenue Increase: On a trailing 12-month basis, our equipment rental revenues improved 9.2% compared to the same trailing 12-month period in 2023.
Fleet Size Increase: Our fleet size measured by original equipment cost closed the third quarter at just below $3 billion, an increase of 8.1% compared to an OEC at the conclusion of the year-ago quarter.
Quarterly Dividend Payment: We paid our regular quarterly dividend of $0.275 per share of common stock in the third quarter of 2024.
Negative
Revenue Decline Analysis: Total revenues declined 4% from the year-ago quarter due primarily to more than 47% reduction in sales of rental equipment.
Fleet Sales Strategy Adjustment: We lowered fleet sales by design to leverage both our young fleet age and record investment in 2023.
Gross Profit Decline: Gross profit in the third quarter declined 9% to $171.5 million compared to $188.4 million in the third quarter of 2023.
Gross Margin Decline: Gross margin in the quarter was 44.5% compared to 47% in the year-ago quarter, with a decrease due primarily to a decline in rental margins and an unfavorable revenue mix.
Net Income Comparison: Net income in the third quarter was $31.1 million, or $0.85 per diluted share compared to net income of $48.9 million, or $1.35 per diluted share in the third quarter of 2023.
HEES FAQs
How does HEES typically perform around its earnings report dates?
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HEES Earning Call Sentiment
H&E Equipment Services, Inc. (HEES) Q3 2024 Earnings Call Transcript
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HEES.O
0.02%Positive
The earnings call summary reveals several negative aspects: declining total revenues and net income, lower gross profit and rental margins, and increased SG&A expenses. The Q&A section highlights management's reluctance to provide specific guidance on rates and CapEx, which can raise investor concerns. Despite some positive aspects like increased equipment rental revenues and cash liquidity, the overall financial performance and cautious outlook suggest a negative sentiment. The market cap of approximately $1.6 billion indicates a moderate reaction, leading to a predicted stock price movement in the negative range of -2% to -8%.