AMERCO Earnings: Here’s Why Investors are Excited Now

AMERCO (NASDAQ:UHAL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.46%.

AMERCO Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 39.95% to $5.78 in the quarter versus EPS of $4.13 in the year-earlier quarter.

Revenue: Rose 12.23% to $746.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: AMERCO reported adjusted EPS income of $5.78 per share. By that measure, the company beat the mean analyst estimate of $4.37. It beat the average revenue estimate of $0.

Quoting Management: “We continue to reap the rewards of the programs initiated in the past few years,” stated Joe Shoen, chairman of AMERCO. “Hopefully the work being done now will produce results in future years.”

Key Stats (on next page)…

Revenue increased 30.32% from $573.04 million in the previous quarter. EPS increased 1706.25% 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 $6.02. For the current year, the average estimate has moved up from a profit of $14 to a profit of $14.25 over the last ninety days.

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