* 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
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