H&E Equipment Services Full Year 2023 Earnings: EPS Beats Expectations
H&E Equipment Services (NASDAQ:HEES) Full Year 2023 Results
Key Financial Results
Revenue: US$1.47b (up 18% from FY 2022).
Net income: US$169.3m (up 27% from FY 2022).
Profit margin: 12% (in line with FY 2022).
EPS: US$4.69 (up from US$3.72 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
H&E Equipment Services EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.0%.
Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Trade Distributors industry in the US.
Performance of the American Trade Distributors industry.
The company's shares are down 1.0% from a week ago.
Valuation
Our analysis of these results suggests H&E Equipment Services may be undervalued based on 6 important criteria we look at. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
