AMERCO Earnings: Here’s Why Investors are Excited Now
AMERCO (NASDAQ:UHAL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.46%.
AMERCO Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 39.95% to $5.78 in the quarter versus EPS of $4.13 in the year-earlier quarter.
Revenue: Rose 12.23% to $746.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: AMERCO reported adjusted EPS income of $5.78 per share. By that measure, the company beat the mean analyst estimate of $4.37. It beat the average revenue estimate of $0.
Quoting Management: “We continue to reap the rewards of the programs initiated in the past few years,” stated Joe Shoen, chairman of AMERCO. “Hopefully the work being done now will produce results in future years.”
Key Stats (on next page)…