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What: Shares of H&E Equipment Services (Nasdaq: HEES) soared more than 18% in early trading after the company substantially beat fourth-quarter earnings estimates.

So what: Revenue increased 26.8% to $174.6 million. Net losses equaled $0.07 a share, down sharply from last year's $0.35 loss. Analysts were expecting a $0.15 per-share loss on $138.12 in revenue, according to data supplied by Yahoo! Finance.

Now what: H&E said gains in its core business of renting industrial equipment such as cranes and earthmovers aided results. But it was new equipment sales that provided the largest growth catalyst. Sales of new equipment rose 71.7% year-over-year and 32.8% sequentially.

Management's outlook is equally encouraging. CEO John Engquist suggested in a statement that a recovery in key areas of the construction market should continue to fuel demand.

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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. You can also get his insights delivered directly to your RSS reader. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is also on Twitter as @TheMotleyFool. Its disclosure policy is at least 10% better than other disclosure policies.