WillScot Mobile Mini reported second-quarter revenue and earnings per share that exceeded analyst expectations, supported by increased modular unit activations and a strengthening order book. Management is focusing on improving fleet readiness and expanding project management services, and the launch of the WillScot Quick Connect Canopy broadens the Clearspan and modular offering that sits on top of the existing fleet. Value added products and services are already contributing more than 17% of revenue. WillScot Holdings' narrative projects $2.5 billion revenue and $433.9 million earnings by 2029, requiring 2.9% yearly revenue growth and a $502.8 million earnings increase from -$68.9 million today, and yields a $29.40 fair value, a 62% upside to its current price. Some analysts are far more cautious, assuming only about 2.6% annual revenue growth and US$369.0 million of earnings by 2029, so this Q2 upside could challenge their weaker unit demand assumptions.
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Willscot Mobile Mini Holdings Corp A