AMERCO Earnings: Everything You Must Know Now

AMERCO (NASDAQ:UHAL) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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AMERCO Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 53.27% to $1.93 in the quarter versus EPS of $1.20 in the year-earlier quarter.

Revenue: Rose 7.81% to $564.31 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: AMERCO reported adjusted EPS income of $1.93 per share. By that measure, the company missed the mean analyst estimate of $4.50. It beat the average revenue estimate of $0.

Quoting Management: “U-Haul employees, dealers and affiliates are to be commended for the company’s strong performance over the last year,” stated Joe Shoen, Chairman of AMERCO. “We continue our focus on improving the rental experience for our customers through convenient access to our rental locations, equipment availability and ease of the rental process,” concluded Shoen.

Key Stats (on next page)…

Revenue decreased 2.51% from $578.81 million in the previous quarter. EPS increased 503.13% from $0.32 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0 to a profit $6.11. For the current year, the average estimate is a profit of $14, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)