Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of portable storage company Mobile Mini (NASDAQ:MINI) rose 11% today after reporting earnings.

So what: Third-quarter revenue rose 6% to $100.9 million and net income rose 35.4% to $12.9 million. On an adjusted basis, that translated to earnings per share of $0.29, well ahead of the $0.22 analysts expected.  

Now what: The numbers were pretty strong across the board for Mobile Mini, and the company is leveraging capacity, which will expand the bottom line. Utilization was up to 60.6% from 57.7% last quarter, and it looks like the numbers will stay strong in the fourth quarter. The stock is trading at 17 times forward earnings, which is a little too expensive for my blood, but I wouldn't be a seller as a long-term shareholder today.

Interested in more info on Mobile Mini? Add it to your watchlist by clicking here.

 
 

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.