EquipmentShare.com (NASDAQ:EQPT) Issues Quarterly Earnings Results, Beats Expectations By $0.15 EPS

EquipmentShare.com (NASDAQ:EQPT) announced its earnings results on Wednesday. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.15, Zacks reports. The company had revenue of $989.00 million during the quarter. The company’s revenue was up 38.1% compared to the same quarter last year.

EquipmentShare.com Stock Up 5.7%

Shares of NASDAQ:EQPT traded up $1.40 during trading on Wednesday, reaching $25.95. 4,402,552 shares of the stock were exchanged, compared to its average volume of 2,076,998. EquipmentShare.com has a 1-year low of $17.95 and a 1-year high of $35.50. The stock has a fifty day moving average price of $22.71.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EQPT. Zacks Research upgraded EquipmentShare.com to a “hold” rating in a report on Wednesday, February 18th. Wall Street Zen upgraded EquipmentShare.com from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Robert W. Baird cut their price target on EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Weiss Ratings upgraded EquipmentShare.com from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group began coverage on EquipmentShare.com in a report on Tuesday, February 17th. They set a “buy” rating and a $51.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, EquipmentShare.com currently has an average rating of “Hold” and an average target price of $38.88.

About EquipmentShare.com

EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.