EQPT (NASDAQ:EQPT) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Key Points

• EQPT reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05, according to Zacks.
• The stock opened at $24.08 and is trading near its 52-week low (range: $23.93–$35.50), signaling it is closer to the bottom of its annual range.
• Analysts assign a consensus "Moderate Buy" rating with an average price target of $43.25; six analysts rate it Buy and four rate it Hold, with individual targets as high as $63.00.

EQPT (NASDAQ:EQPT - Get Free Report) released its earnings results on Wednesday. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05, Zacks reports.

EQPT Stock Performance

Shares of EQPT opened at $24.08 on Thursday. EQPT has a fifty-two week low of $23.93 and a fifty-two week high of $35.50.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of EQPT from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. Citizens Jmp started coverage on EQPT in a report on Tuesday, February 17th. They set a "market outperform" rating and a $42.00 target price on the stock. Robert W. Baird assumed coverage on EQPT in a research note on Tuesday, February 17th. They issued an "outperform" rating and a $63.00 price target for the company. Citigroup cut their price objective on EQPT from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Monday, March 9th. Finally, Truist Financial assumed coverage on EQPT in a report on Tuesday, February 17th. They set a "buy" rating and a $43.00 price target for the company. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, EQPT currently has a consensus rating of "Moderate Buy" and an average target price of $43.25.

EQPT Company Profile

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

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