Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
- Latest News
- Most Popular
- FED Front & Center Again
- RTI: Fed Keeps QE Pace Unchanged
- Roundtable Top Picks of the Week
- RTI: Sector Strength Charts - Where's the Opportunity Now?
- Surging Financial ETFs Beating the Market
- Utility Industry Stock Outlook - June 2013
- 3 Japanese Stocks to Buy Now
- Your Next Stock Should Be Making New Highs
- Anatomy of Success: Stoneridge (SRI)
- AWS 6/19: Will Bernanke Clarify Matters Today?
- PFP 6/19: Investors Bold in Wake of the Fed
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 06/19/2013
| Company Name | Symbol | %Change |
|---|---|---|
| LUMOS NETWOR | LMOS | 4.77% |
| SONIC FOUNDR | SOFO | 4.40% |
| GREEN MOUNTA | GMCR | 3.71% |
| SHORETEL INC | SHOR | 3.49% |
| INGLES MARKE | IMKTA | 3.14% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
On January 2, 2013, Zacks Investment Research upgraded United Rentals Inc. (URI - Snapshot Report) to Zacks #1 Rank (Strong Buy).
Reasons for Upgrade
Strong third-quarter 2012 results and rising estimates were the prime catalysts for United Rentals’ rating upgrade. This rental & leasing services company has surpassed the Zacks Consensus Estimate for five straight quarters with an average surprise of 171%.
On October 16, 2012, the company reported adjusted earnings per share of $1.35 in the third quarter of 2012, which was roughly 21.6% higher than the Zacks Consensus Estimate of $1.11.
Revenue surged 71% year over year to $1,219 million. Rental revenue of $1,051 million was up 74% and contributed roughly 86% of revenues.
Further, United Rentals generated $45 million in cost savings during the quarter and expects to realize cost savings of at least $100 million by the end of fiscal 2012.
For the third quarter, the company reported an operating margin of 47%, which was up 700 basis points (bps) over the prior-year quarter. This was the highest operating margin reported by the company since its inception. The increase in margin was primarily driven by cost control measures.
Following a robust third quarter, United Rentals is positive and confident about its performance going forward. United Rentals now expects the rental rate for 2012 to be up 7% year over year compared to 6.5% mentioned earlier.
Earnings Estimates on the Rise
The Zacks Consensus Estimate for 2012 is $3.53 per share, which is up more than 9% from the last 60 days and reflects year-over-year growth of 89%. The Zacks Consensus Estimate for 2013 stands at $4.79 a share, inching up 0.2% from the last 60 days and suggesting improvement of 35.4% from the previous year.
Competition
One of the company’s peers, Avis Budget Group Inc. (CAR - Analyst Report), has a Zacks Rank of #3 (Hold) after it reported adjusted earnings of $1.46 per share for third-quarter 2012, missing the Zacks Consensus Estimate of $2.51. However, on a year-over-year basis, earnings surged 43% from $1.02 per share.4% growth in its third quarter 2012 earnings per share.
Get the full Snapshot Report on URI - FREE
Get the full Analyst Report on CAR - FREE