Essex Rental Drops 28.9% Since Reporting Wider Q1 Loss (Revised) – Tale of the Tape

Zacks

Essex Rental Corp. (ESSX) reported loss per share of 13 cents for the quarter ended Mar 31. The loss was wider than year-ago period’s loss of 9 cents a share. Since the result release on May 7, the company witnessed steep decline in its share prices and lost 28.9% so far.

The company, which is one of North America’s largest provider of lifting equipment used in construction projects, has seen a flat track record when it comes to current quarter and current year estimate revisions.

No estimates were revised in the last 30 days. The consensus estimates for the current quarter and current year stands at loss of 7 cents and 31 cents, respectively.

ESSX currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks from the Business Services industry include Avis Budget Group, Inc. (CAR), Iron Mountain Inc. (IRM) and JTH Holding, Inc. (TAX). While Avis Budget Group holds a Zacks Rank #1 (Strong Buy), Iron Mountain and JTH Holding carry a Zacks Rank #2 (Buy).

(We are reissuing this article to correct a mistake. The original article, issued on July 8, 2014, should no longer be relied upon.)

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