The severe EPS miss suggests underlying cost or margin pressure not fully offset by revenue guidance raise. Monitor Q2 actuals in the next filing for margin trajectory. The buyback provides a floor but does not resolve the earnings surprise.
Price Chart
Executive Summary
EquipmentShare (EQPT) raised full-year 2026 guidance on strong Q2 demand and authorized a $500M share repurchase program. However, the Q1 2026 EPS of -$0.20 missed consensus of -$0.07 by 171%, a clear earnings miss. The bullish guidance revision and buyback do not offset the headline miss, making the sentiment bearish.
Key Financial Metrics
Key Facts
- Q1 2026 EPS of -$0.20 missed consensus of -$0.07 by 171%.
- Full-year 2026 total revenue guidance raised to $5,254M-$5,682M (from $5,147M-$5,575M).
- Full-year 2026 adjusted core EBITDA guidance raised to $1,946M-$2,058M (from $1,883M-$1,995M).
- Board authorized a new $500M share repurchase program expiring December 31, 2028.
- Expected pro forma liquidity of ~$2.6B at end of Q2 including recent $1.3B net bond proceeds.
- Company targets 700 rental locations and $20B of OEC under management by 2030.
Financial Impact
Q1 EPS miss of -$0.13 vs consensus; full-year revenue guidance raised by ~$107M at midpoint; $500M buyback authorized.
Risk Factors
- Guidance raise may already be priced in after the stock's recent 26% drop (since May 13 miss).
- Adjusted Core EBITDA is non-GAAP and excludes startup costs and OWN program payouts; GAAP earnings remain negative.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3325268 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $16.33 | awaiting T+1 | — | $16.68 (+2.14%) |
Oct 19, 2026 8d ago | 8-K | $13.95 $15.60 | ▲ +11.83% | ▲ +11.49% | $16.68 (+19.57%) |
Sep 16, 2026 5w ago | Insider Buy | $18.37 $18.03 | ▼ −1.85% | ▼ −1.73% | $16.68 (−9.20%) |
Sep 4, 2026 7w ago | Insider Cluster | $19.40 $18.75 | ▼ −3.35% | ▼ −2.89% | $16.68 (−14.02%) |
Sep 1, 2026 7w ago | Insider Cluster | $17.81 $18.14 | ▲ +1.85% | ▲ +0.81% | $16.68 (−6.34%) |
Aug 24, 2026 9w ago | Insider Cluster | $18.47 $18.06 | ▲ +2.22% | ▲ +2.24% | $16.68 (+9.69%) |
Aug 18, 2026 9w ago | Insider Cluster | $19.68 $18.27 | ▲ +7.16% | ▲ +6.32% | $16.68 (+15.24%) |
Aug 18, 2026 9w ago | 144 | $19.68 $18.27 | ▲ +7.16% | ▲ +6.32% | $16.68 (+15.24%) |
Aug 14, 2026 10w ago | 144 | $21.43 $19.54 | ▲ +8.82% | ▲ +8.14% | $16.68 (+22.17%) |
Aug 14, 2026 10w ago | 144 | $21.43 $19.54 | ▼ −8.82% | ▼ −8.14% | $16.68 (−22.17%) |
US Market Status
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