Zacks: Analysts Anticipate WillScot Corp (WSC) to Post -$0.05 EPS

Wall Street brokerages expect that WillScot Corp (NASDAQ:WSC) will post earnings of ($0.05) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for WillScot’s earnings. The lowest EPS estimate is ($0.19) and the highest is $0.05. The company is scheduled to issue its next quarterly earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that WillScot will report full-year earnings of ($0.03) per share for the current fiscal year, with EPS estimates ranging from ($0.17) to $0.07. For the next financial year, analysts anticipate that the company will report earnings of $0.38 per share, with EPS estimates ranging from $0.28 to $0.52. Zacks’ EPS calculations are an average based on a survey of research firms that cover WillScot.

WillScot (NASDAQ:WSC) last announced its quarterly earnings results on Tuesday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. The firm had revenue of $140.33 million for the quarter, compared to analyst estimates of $144.55 million.



WSC has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of WillScot from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Morgan Stanley initiated coverage on shares of WillScot in a report on Monday, October 1st. They set an “overweight” rating and a $21.00 price target for the company. Credit Suisse Group initiated coverage on shares of WillScot in a report on Friday, August 17th. They set an “outperform” rating and a $20.00 price target for the company. Jefferies Financial Group initiated coverage on shares of WillScot in a report on Monday, July 9th. They set a “buy” rating for the company. Finally, Oppenheimer raised their price target on shares of WillScot from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 3rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. WillScot presently has a consensus rating of “Buy” and an average price target of $18.50.

Shares of NASDAQ WSC traded down $0.17 during midday trading on Friday, reaching $14.66. 685,553 shares of the stock were exchanged, compared to its average volume of 456,158. The company has a market capitalization of $1.52 billion and a P/E ratio of -3.78. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.86 and a quick ratio of 0.80. WillScot has a twelve month low of $9.45 and a twelve month high of $18.19.

Several large investors have recently bought and sold shares of WSC. Bank of America Corp DE purchased a new position in shares of WillScot during the 2nd quarter worth approximately $120,000. Strs Ohio purchased a new position in shares of WillScot during the 2nd quarter worth approximately $140,000. FNY Investment Advisers LLC purchased a new position in shares of WillScot during the 2nd quarter worth approximately $146,000. Intrinsic Edge Capital Management LLC purchased a new position in shares of WillScot during the 2nd quarter worth approximately $148,000. Finally, Verition Fund Management LLC purchased a new position in shares of WillScot during the 1st quarter worth approximately $148,000. 40.40% of the stock is owned by hedge funds and other institutional investors.

About WillScot

WillScot Corporation, through its subsidiaries, provides various specialty rental services in the United States, Canada, and Mexico. It is involved in the leasing and sale of mobile offices, modular buildings, and storage products. The company offers various modular space units, including panelized and stackable offices, single-wide modular space units, section modulars and redi-plex complexes, classrooms, container offices, and other modular spaces; and portable storage units, such as shipping containers with swing doors.

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Earnings History and Estimates for WillScot (NASDAQ:WSC)

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