Bear of the Day: H&E Equipment Services, Inc.
H&E Equipment Services, Inc. (NASDAQ: HEES) is one of the largest rental equipment companies in the U.S. H&E Equipment has been on an impressive run of growth, driven by surging construction across multiple segments of the U.S. economy.
HEES is coming under some pressure amid a “transitioning business environment.” H&E Equipment fell short of our bottom lines estimate on April 30 and provided downbeat earnings guidance that helps it grab a Zacks Rank #5 (Strong Sell) at the moment.
H&E Equipment Overview
H&E Equipment rents, sells, and provides parts and services across a range of rental equipment of all shapes that are utilized throughout the entire construction sector. HEES has expanded in a critical part of the wider construction sector through organic growth and acquisitions. The …
Full story available on Benzinga.com
