WillScot Mobile Mini (WSC) Q4 Earnings: What To Expect

WSC Cover Image

Temporary space provider WillScot (NASDAQ: WSC) will be announcing earnings results this Thursday after market close. Here’s what to expect.

WillScot Mobile Mini missed analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $566.8 million, down 5.8% year on year. It was a softer quarter for the company, with revenue guidance for next quarter missing analysts’ expectations significantly and a significant miss of analysts’ revenue estimates.

Is WillScot Mobile Mini a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting WillScot Mobile Mini’s revenue to decline 9.5% year on year to $545.2 million, a further deceleration from the 1.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.33 per share.

WillScot Mobile Mini Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. WillScot Mobile Mini has missed Wall Street’s revenue estimates six times over the last two years.

Looking at WillScot Mobile Mini’s peers in the construction and maintenance services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Construction Partners delivered year-on-year revenue growth of 44.1%, beating analysts’ expectations by 10.5%, and Granite Construction reported revenues up 19.2%, topping estimates by 0.8%. Construction Partners traded up 10.7% following the results while Granite Construction was down 1.7%.

Read our full analysis of Construction Partners’s results here and Granite Construction’s results here.

There has been positive sentiment among investors in the construction and maintenance services segment, with share prices up 7.8% on average over the last month. WillScot Mobile Mini’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $24.60 (compared to the current share price of $21.59).

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