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Sohini Mondal

What You Need to Know Ahead of Generac Holdings’ Earnings Release

With a market cap of $9.2 billion, Generac Holdings Inc. (GNRC) manufactures power generation equipment, energy storage systems, and other power products including portable, residential, commercial, and industrial generators. The Waukesha, Wisconsin-based company is expected to announce its Q2 earnings before the market opens on Wednesday, Jul. 31.

Ahead of the event, analysts expect Generac to report a profit of $1.24 per share, up 14.8% from $1.08 per share reported in the year-ago quarter. The company has surpassed Wall Street’s EPS projections in two of the past four quarters while missing on two other occasions. GNRC reported an EPS of $0.88 in Q1, exceeding the consensus estimates by 22.2%.

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