Earnings Preview: United Rentals

United Rentals (NYSE:URI) will release its quarterly earnings report on Wednesday, 2024-10-23. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate United Rentals to report an earnings per share (EPS) of $12.49.

Investors in United Rentals are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Earnings Track Record

In the previous earnings release, the company beat EPS by $0.16, leading to a 5.37% increase in the share price the following trading session.

Performance of United Rentals Shares

Shares of United Rentals were trading at $832.53 as of October 21. Over the last 52-week period, shares are up 107.27%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on United Rentals

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding United Rentals.

Analysts have given United Rentals a total of 6 ratings, with the consensus rating being Buy. The average one-year price target is $899.5, indicating a potential 8.04% upside.

Understanding Analyst Ratings Among Peers

The below comparison of the analyst ratings and average 1-year price targets of W.W. Grainger, Fastenal and Ferguson Enterprises, three prominent players in the ...