United Rentals Inc reports results for the quarter ended in June - Earnings Summary

United Rentals

24/07/2024 23:14

* United Rentals Inc  URI.N  reported quarterly adjusted
earnings
of $10.70​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
$9.88.  The mean expectation of twenty one analysts for the
quarter was for earnings of $10.54 per share. Wall Street
expected results to range from $9.77  to $11.49 per share.
    * Revenue rose 6.2% to $3.77 billion from a year ago;
analysts
expected $3.77 billion. 
    * United Rentals Inc's reported EPS for the quarter was
$9.54​.
    * The company reported quarterly net income of $636 million.
    * United Rentals Inc shares had risen by 15.0% this
quarter and
gained 29.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 9
"hold" and 4 "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "hold"

Wall Street's median 12-month price target for United Rentals
Inc is $699.00 
This summary was machine generated from LSEG data July 24 at
10:13 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      10.54          10.70          Beat
 Mar. 31 2024      8.33           9.15           Beat
 Dec. 31 2023      10.93          11.26          Beat
 Sep. 30 2023      11.20          11.73          Beat