United Rentals, Inc. (NYSE:URI) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year

Simply Wall St.07-26

Investors in United Rentals, Inc. (NYSE:URI) had a good week, as its shares rose 3.5% to close at US$754 following the release of its quarterly results. United Rentals reported in line with analyst ...

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(NYSE:URI) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-26 21:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/united-rentals-inc-nyse-uri-131951018.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors in United Rentals, Inc. (NYSE:URI) had a good week, as its shares rose 3.5% to close at US$754 following the release of its quarterly results. United Rentals reported in line with analyst ...</p>\n\n<a href=\"https://finance.yahoo.com/news/united-rentals-inc-nyse-uri-131951018.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2106854487.HKD","symbol_name":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/united-rentals-inc-nyse-uri-131951018.html","article_id":"2454931347","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/DSVnwZKEypugE5XiS5bHWw--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/7d457e118489e6e5357eb5fd232e46f8"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454931347","pubTimestamp":1721999991,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investors in United Rentals, Inc.  had a good week, as its shares rose 3.5% to close at US$754 following the release of its quarterly results. United Rentals reported in line with analyst predictions, delivering revenues of US$3.8b and statutory earnings per share of US$9.54, suggesting the business is executing well and in line with its plan. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. 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(NYSE:URI) had a good week, as its shares rose 3.5% to close at US$754 following the release of its quarterly results. United Rentals reported in line with analyst predictions, delivering revenues of US$3.8b and statutory earnings per share of US$9.54, suggesting the business is executing well and in line with its plan. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year. \n Check out our latest analysis for United Rentals \n\n\n\n  NYSE:URI Earnings and Revenue Growth July 26th 2024\n \n\n After the latest results, the 22 analysts covering United Rentals are now predicting revenues of US$15.1b in 2024. If met, this would reflect a credible 2.7% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to rise 3.0% to US$39.59. Before this earnings report, the analysts had been forecasting revenues of US$15.2b and earnings per share (EPS) of US$40.01 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. \n The analysts reconfirmed their price target of US$719, showing that the business is executing well and in line with expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values United Rentals at US$1,236 per share, while the most bearish prices it at US$400. We would probably assign less value to the analyst forecasts in this situation, because such a wide range of estimates could imply that the future of this business is difficult to value accurately. As a result it might not be a great idea to make decisions based on the consensus price target, which is after all just an average of this wide range of estimates. \n Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's pretty clear that there is an expectation that United Rentals' revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 5.4% growth on an annualised basis. This is compared to a historical growth rate of 12% over the past five years. Compare this to the 62 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 5.6% per year. So it's pretty clear that, while United Rentals' revenue growth is expected to slow, it's expected to grow roughly in line with the industry. \nThe Bottom Line \n The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at US$719, with the latest estimates not enough to have an impact on their price targets. \n Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for United Rentals going out to 2026, and you can see them free on our platform here.. \n That said, it's still necessary to consider the ever-present spectre of investment risk.   We've identified 2 warning signs  with United Rentals , and understanding them should be part of your investment process. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. 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