WillScot (WSC) Q3 Earnings Top Estimates

Core Insights - WillScot (WSC) reported quarterly earnings of $0.30 per share, exceeding the Zacks Consensus Estimate of $0.29 per share, but down from $0.38 per share a year ago [1][2] - The company posted revenues of $566.84 million for the quarter, missing the Zacks Consensus Estimate by 2.26% and down from $601.43 million year-over-year [3] - WillScot's stock has underperformed, losing approximately 37.9% since the beginning of the year compared to a 15.6% gain in the S&P 500 [4] Earnings Performance - The earnings surprise for the recent quarter was +3.45%, while the previous quarter saw a surprise of -25% [2] - Over the last four quarters, WillScot has surpassed consensus EPS estimates two times [2] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $576.26 million, and for the current fiscal year, it is $1.22 on revenues of $2.3 billion [8] - The estimate revisions trend for WillScot was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [7] Industry Context - WillScot operates within the Zacks Real Estate - Operations industry, which is currently ranked in the top 39% of over 250 Zacks industries [9] - The performance of WillScot's stock may be influenced by the overall outlook for the industry, as the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9]