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Here's Why United Rentals (URI) Fell More Than Broader Market
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United Rentals (URI - Free Report) closed the latest trading day at $693.83, indicating a -1.74% change from the previous session's end. This change lagged the S&P 500's daily loss of 1.23%. Elsewhere, the Dow lost 1.36%, while the tech-heavy Nasdaq lost 1.4%.
Shares of the equipment rental company have appreciated by 4.33% over the course of the past month, outperforming the Construction sector's gain of 3.17% and the S&P 500's gain of 1.61%.
Analysts and investors alike will be keeping a close eye on the performance of United Rentals in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $8.35, reflecting a 5.03% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $3.41 billion, reflecting a 3.9% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $43.08 per share and a revenue of $14.98 billion, signifying shifts of +5.74% and +4.55%, respectively, from the last year.
Any recent changes to analyst estimates for United Rentals should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.22% higher. United Rentals is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, United Rentals is presently being traded at a Forward P/E ratio of 16.39. This valuation marks a discount compared to its industry's average Forward P/E of 21.06.
It's also important to note that URI currently trades at a PEG ratio of 2.62. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Building Products - Miscellaneous industry had an average PEG ratio of 1.87 as trading concluded yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 11, placing it within the top 5% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Here's Why United Rentals (URI) Fell More Than Broader Market
United Rentals (URI - Free Report) closed the latest trading day at $693.83, indicating a -1.74% change from the previous session's end. This change lagged the S&P 500's daily loss of 1.23%. Elsewhere, the Dow lost 1.36%, while the tech-heavy Nasdaq lost 1.4%.
Shares of the equipment rental company have appreciated by 4.33% over the course of the past month, outperforming the Construction sector's gain of 3.17% and the S&P 500's gain of 1.61%.
Analysts and investors alike will be keeping a close eye on the performance of United Rentals in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $8.35, reflecting a 5.03% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $3.41 billion, reflecting a 3.9% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $43.08 per share and a revenue of $14.98 billion, signifying shifts of +5.74% and +4.55%, respectively, from the last year.
Any recent changes to analyst estimates for United Rentals should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.22% higher. United Rentals is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, United Rentals is presently being traded at a Forward P/E ratio of 16.39. This valuation marks a discount compared to its industry's average Forward P/E of 21.06.
It's also important to note that URI currently trades at a PEG ratio of 2.62. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Building Products - Miscellaneous industry had an average PEG ratio of 1.87 as trading concluded yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 11, placing it within the top 5% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.