WillScot Corporation (WSC) shares are soaring 5.35% in pre-market trading on Friday, despite reporting mixed first-quarter 2025 earnings results. This surprising surge comes after the company missed analyst expectations for earnings per share but slightly beat revenue projections.
According to the earnings report, WillScot Holdings Corp posted quarterly adjusted earnings of 23 cents per share, falling short of the mean analyst expectation of 27 cents. This also represents a decrease from the 29 cents per share reported in the same quarter last year. However, the company's revenue of $559.55 million, while down 4.7% year-over-year, marginally exceeded the analyst consensus of $555.24 million.
The stock's positive reaction may be attributed to several factors. First, the revenue beat, albeit small, could be viewed as a sign of resilience in a challenging environment. Additionally, with WillScot shares having fallen by 23.4% year-to-date prior to this report, investors may see the current results as better than feared. Furthermore, despite recent challenges, analysts maintain a "buy" rating on the stock, with a median 12-month price target of $37.50. This continued confidence from Wall Street might be contributing to the renewed optimism among investors, driving the stock's surge despite the earnings miss.
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