Core Viewpoint - The Zacks rating system effectively utilizes earnings estimate revisions to predict near-term stock price movements, providing a more objective basis for investment decisions compared to traditional Wall Street ratings [1][3][10]. Earnings Estimate Revisions - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements, largely due to institutional investors' reliance on these estimates for valuation [2][12]. - Tracking earnings estimate revisions can be a rewarding strategy for investment decisions, as empirical research shows a strong correlation between these revisions and stock movements [3][14]. Company-Specific Insights - McGrath (MGRC) has been upgraded to a Zacks Rank 2 (Buy), reflecting an upward trend in earnings estimates, which is a significant factor influencing stock prices [9][10]. - The Zacks Consensus Estimate for McGrath has increased by 1.5% over the past three months, indicating a positive outlook for the company's earnings [14]. - The upgrade suggests an improvement in McGrath's underlying business, which could lead to higher stock prices as investors respond to this trend [11][12]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of generating an average annual return of +25% for Zacks Rank 1 stocks since 1988 [13]. - The system maintains a balanced distribution of 'buy' and 'sell' ratings, ensuring that only the top 20% of stocks are highlighted for their superior earnings estimate revisions, making them strong candidates for market-beating returns [15].

Mergers and Acquisitions - U.S. Silica Holdings, Inc. has agreed to be acquired by affiliates of Apollo for $15.50 per share in cash [1] - McGrath RentCorp has agreed to be acquired by WillScot Mobile Holdings Corp, offering shareholders $123.00 in cash or 2.8211 shares of WillScot common stock for each share of McGrath common stock [3] - HashiCorp, Inc. has entered into a definitive merger with IBM, where HashiCorp shareholders will receive $35 per share in cash [4] - Spar Group, Inc. has agreed to merge with Highwire Capital, with Spar Group shareholders set to receive $2.50 per share upon completion of the transaction [6] Legal Investigations - Kuehn Law, PLLC is investigating potential claims related to the proposed mergers, focusing on whether the Boards acted to maximize shareholder value and disclosed material information [2][6] - Shareholders are encouraged to get involved to contribute to the integrity and fairness of the financial markets [7]

NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: U.S. Silica Holdings, Inc. (NYSE: SLCA)'s sale to affiliates of Apollo for $15.50 per share in cash. If you are a U.S. Silica shareholder, click here to learn more about your rights and options. Halper Sadeh LLC may seek increased consideration for shareholde ...

NEW YORK, June 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating McGrath RentCorp (Nasdaq: MGRC), relating to its proposed sale to WillScot Mobile Mini Holdings Corp. Under the terms of the agreement, MGRC shareholders will receive either $123.00 in cash o ...

McGrath (MGRC) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.40%. A quarter ago, it was expected that this business-to-business rental company would post earnings of $1.37 per share when it actually produced earnings of $1.30, delivering a surprise of -5.11%.Over the last four qu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITY AND EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITY AND EXCHANGE ACT OF 1934 Commission file number 000-13292 McGRATH RENTCORP (Exact name of registrant as specified in its Charter) (State or other jurisdiction of incorporation or organization) California 94-2579843 (I.R.S. E ...

Exhibit 99.1 Contact Keith E. Pratt EVP & Chief Financial Officer 925-606-9200 PRESS RELEASE McGrath Announces Results for First Quarter 2024 Livermore, CA - April 25, 2024 – McGrath RentCorp ("McGrath" or the "Company") (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues from continuing operations for the quarter ended March 31, 2024 of $187.8 million, an increase of 15% compared to the first quarter of 2023. The Company reported net income from co ...

McGrath RentCorp (NASDAQ:MGRC) Q4 2023 Earnings Conference Call February 21, 2024 5:00 PM ET Company Participants Joe Hanna - Chief Executive Officer Keith Pratt - Chief Financial Officer Conference Call Participants Scott Schneeberger - Oppenheimer Operator Ladies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp Fourth Quarter 2023 Earnings Conference Call. At this time, all conference participants are in a listen-only mode. Later, we will conduct a question and answer session. [Op ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 000-13292 McGRATH RENTCORP (Exact name of registrant as specified in its Charter) California 94-2579843 (State or other jurisdiction of incorporation or organization) 5700 Las Positas R ...

Exhibit 99.1 Contact Keith E. Pratt EVP & Chief Financial Officer 925-606-9200 PRESS RELEASE FOR RELEASE February 21, 2024 McGrath Announces Results for Fourth Quarter 2023 and Announces 33rd Annual Dividend Increase Livermore, CA - February 21, 2024 – McGrath RentCorp ("McGrath" or the "Company") (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues from continuing operations for the quarter ended December 31, 2023 of $221.6 million, an increase of 2 ...