FX.co ★ H&E Equipment Services Inc. Q1 Profit misses estimates

H&E Equipment Services Inc. (HEES) recently disclosed their first quarter earnings, which unfortunately fell short of financial market predictions.

The company's profits amounted to approximately $25.889 million or $0.71 per share. This result shows a slight improvement compared to the $25.674 million or $0.71 per share they earned in the first quarter of last year.

Analysts, on average, had predicted that the company would earn about $0.78 per share, according to data collected by Thomson Reuters. It should be noted that these analyst projections often omit unexpected or unique financial events.

In terms of revenue, the company experienced a 15.2% increase for the quarter, earning $371.357 million compared to last year's $322.482 million.

To summarize H&E Equipment Services Inc.'s earnings performance according to Generally Accepted Accounting Principles (GAAP):

- Earnings for First Quarter: $25.889 million compared to $25.674 million from the previous year.

- Earnings Per Share for First Quarter: $0.71 unchanged from the previous year.

- Revenue for First Quarter: $371.357 million compared to $322.482 million from the previous year.