Temporary space provider WillScot (NASDAQ:WSC) will be announcing earnings results this Thursday after the bell. Here’s what to look for.
WillScot Mobile Mini beat analysts’ revenue expectations last quarter, reporting revenues of $612.2 million, up 3.9% year on year. It was a very strong quarter for the company, with full-year revenue guidance beating analysts’ expectations and a beat of analysts’ EPS estimates.
Is WillScot Mobile Mini a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting WillScot Mobile Mini’s revenue to grow 3.4% year on year, a reversal from the 5.8% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. WillScot Mobile Mini has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at WillScot Mobile Mini’s peers in the construction and maintenance services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. MYR Group delivered year-on-year revenue growth of 32.5%, beating analysts’ expectations by 8.9%, and APi reported revenues up 22.5%, topping estimates by 6.3%. MYR Group traded up 1.1% following the results while APi was also up 7.3%.
Read our full analysis of MYR Group’s results here and APi’s results here.
Investors in the construction and maintenance services segment have had steady hands going into earnings, with share prices flat over the last month. WillScot Mobile Mini is up 14.8% during the same time and is heading into earnings with an average analyst price target of $26.20 (compared to the current share price of $19.59).
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