McGrath RentCorp (MGRC) reported 2019 third quarter results on October 29. The business-to-business leasing company notably blew by analysts' average estimates. Revenue improved year-over-year by 21.2% from $143.1 million to $173.6 million. Analysts estimated diluted earnings at $1.03 per share. McGrath delivered $1.32 in EPS via increases on the top line as well as improved margins.
The market responded quite favorably to the report as well as to the company's second upgrade to full-year guidance this year. During second quarter reporting McGrath had bumped the range to 9% to 14% from its original