Yahoo Finance Countdown to United Rentals (URI) Q1 Earnings: Wall Street Forecasts for Key Metrics
Analysts on Wall Street project that United Rentals (URI) will announce quarterly earnings of $8.39 per share in its forthcoming report, representing an increase of 5.5% year over year. Revenues are projected to reach $3.42 billion, increasing 4.1% from the same quarter last year.
Over the last 30 days, there has been an upward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some United Rentals metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Revenues- Equipment rentals' at $2.87 billion. The estimate suggests a change of +4.9% year over year.
The combined assessment of analysts suggests that 'Revenues- Service and other revenues' will likely reach $83.60 million. The estimate points to a change of +5.8% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues- Contractor supplies sales' of $35.16 million. The estimate indicates a year-over-year change of +3.4%.
Based on the collective assessment of analysts, 'Revenues- Sales of new equipment' should arrive at $45.61 million. The estimate suggests a change of +3.7% year over year.
The consensus among analysts is that 'Revenues- Sales of rental equipment' will reach $370.44 million. The estimate indicates a year-over-year change of -4.5%.
According to the collective judgment of analysts, 'Revenues- Specialty- Contractor supplies sales' should come in at $13.60 million. The estimate indicates a change of +4.6% from the prior-year quarter.
It is projected by analysts that the 'Revenues- Specialty- Equipment rentals' will reach $773.07 million. The estimate indicates a year-over-year change of +7.1%.
The consensus estimate for 'Revenues- Specialty- Sales of new equipment' stands at $26.79 million. The estimate points to a change of +3% from the year-ago quarter.
Analysts expect 'Revenues- Specialty- Sales of rental equipment' to come in at $37.61 million. The estimate points to a change of -1% from the year-ago quarter.
Analysts predict that the 'Revenues- Specialty- Service and other revenues' will reach $7.54 million. The estimate indicates a change of +7.7% from the prior-year quarter.
Analysts forecast 'Total Revenues- General rentals' to reach $2.56 billion. The estimate suggests a change of +3.1% year over year.
Analysts' assessment points toward 'Revenues- General Rentals- Service and other revenues' reaching $75.19 million. The estimate indicates a year-over-year change of +4.4%.
View all Key Company Metrics for United Rentals here>>>
Shares of United Rentals have demonstrated returns of -12% over the past month compared to the Zacks S&P 500 composite's -2.6% change. With a Zacks Rank #2 (Buy), URI is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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United Rentals, Inc. (URI) : Free Stock Analysis Report
