AMERCO Reports First Quarter Fiscal 2021 Financial Results
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AMERCO (UHAL) Tops Q1 EPS by $2.69, Revenues Beat
August 5, 2020 4:16 PM EDTAMERCO (NASDAQ: UHAL) reported Q1 EPS of $4.47, $2.69 better than the analyst estimate of $1.78. Revenue for the quarter came in at $987.24 million versus the consensus estimate of $866.5 million.
Highlights of First Quarter Fiscal 2021 Results
Self-moving equipment rental revenues decreased $94.3 million, or 12.6% for the first quarter of fiscal 2021 compared with the first quarter of fiscal 2020. Either through force of government or personal caution, self-moving rental activity decreased as a result of COVID-19 during the first quarter of fiscal 2021. The decline in equipment rental revenues, as compared to the same period the previous year, did... More