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

Reuters07-25

* United Rentals Inc 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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment