Sunbelt Rentals rises on upbeat Q1 results, full-year guidance boost
BUZZ-Sunbelt Rentals rises on upbeat Q1 results, full-year guidance boost ** Shares of equipment rental firm Sunbelt Rentals SUNB.N rise 3.7% to $71.85 premarket
** Co raises full-year total revenue growth guidance to between 6% and 9%, up from 4.5%-7.5% previously
** Expects fiscal 2027 adjusted EBITDA between $4.92 billion and $5.12 billion, up from prior forecast of $4.85 billion-$5.05 billion
** Co reports Q1 adjusted profit of $1.18 per share, beating analysts' estimate of $1.04 per share — LSEG-compiled data
** Reports Q1 revenue $3.12 billion vs analysts' estimate of $2.99 billion
** Nine of 14 brokerages rate the stock "buy" or above, three "hold" and two "sell"; their median PT is $86.50 — data compiled by LSEG
** As of last close, stock down 6.4% YTD
(Reporting by Miraanta Lowrance in Bengaluru)
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