WillScot Mobile Mini (WSC) Reports Q1: Everything You Need To Know Ahead Of Earnings

StockStory
04-30
WillScot Mobile Mini (WSC) Reports Q1: Everything You Need To Know Ahead Of Earnings

Temporary space provider WillScot (NASDAQ:WSC) will be reporting earnings tomorrow after market close. Here’s what you need to know.

WillScot Mobile Mini met analysts’ revenue expectations last quarter, reporting revenues of $602.5 million, down 1.6% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations.

Is WillScot Mobile Mini a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting WillScot Mobile Mini’s revenue to decline 4.2% year on year to $562.4 million, a reversal from the 3.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.27 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at WillScot Mobile Mini’s peers in the construction and engineering segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Comfort Systems delivered year-on-year revenue growth of 19.1%, beating analysts’ expectations by 4.2%, and Orion reported revenues up 17.4%, topping estimates by 8.8%. Comfort Systems traded up 5.6% following the results.

Read our full analysis of Comfort Systems’s results here and Orion’s results here.

Investors in the construction and engineering segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. WillScot Mobile Mini is down 5.4% during the same time and is heading into earnings with an average analyst price target of $39.35 (compared to the current share price of $26).

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