AMERCO Second Quarter 2023 Earnings: Misses Expectations

Simply Wall St.2022-11-13

AMERCO (NASDAQ:UHAL) Second Quarter 2023 Results Key Financial Results Revenue: US$1.70b (up 2.3% from 2Q 2022). Net income: US$352.0m (down 14% from 2Q 2022). Profit margin: 21% (down from 25% in 2Q...

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The decrease in margin was driven by higher expenses.\nEPS: US$1.80 (down from US$2.09 in 2Q 2022).\n\n\n\n\n  NasdaqGS:UHAL Earnings and Revenue History November 13th 2022\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nAMERCO Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 13%. \n The company's shares are down 2.1% from a week ago. \nRisk Analysis Before we wrap up, we've discovered \n1 warning sign for AMERCO that you should be aware of.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nJoin A Paid User Research SessionYou’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. 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