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United Rentals (URI) Dips More Than Broader Markets: What You Should Know
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United Rentals (URI - Free Report) closed the most recent trading day at $441.63, moving -1.56% from the previous trading session. This move lagged the S&P 500's daily loss of 0.2%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 9.78%.
Prior to today's trading, shares of the equipment rental company had gained 20.87% over the past month. This has outpaced the Construction sector's gain of 16.34% and the S&P 500's gain of 4.16% in that time.
Investors will be hoping for strength from United Rentals as it approaches its next earnings release. The company is expected to report EPS of $9.23, up 17.43% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.43 billion, up 23.88% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $39.67 per share and revenue of $14.13 billion, which would represent changes of +22.06% and +21.39%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for United Rentals. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.07% lower within the past month. United Rentals currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, United Rentals is holding a Forward P/E ratio of 11.31. This represents a discount compared to its industry's average Forward P/E of 17.19.
Also, we should mention that URI has a PEG ratio of 0.7. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Building Products - Miscellaneous was holding an average PEG ratio of 1.83 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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United Rentals (URI) Dips More Than Broader Markets: What You Should Know
United Rentals (URI - Free Report) closed the most recent trading day at $441.63, moving -1.56% from the previous trading session. This move lagged the S&P 500's daily loss of 0.2%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 9.78%.
Prior to today's trading, shares of the equipment rental company had gained 20.87% over the past month. This has outpaced the Construction sector's gain of 16.34% and the S&P 500's gain of 4.16% in that time.
Investors will be hoping for strength from United Rentals as it approaches its next earnings release. The company is expected to report EPS of $9.23, up 17.43% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.43 billion, up 23.88% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $39.67 per share and revenue of $14.13 billion, which would represent changes of +22.06% and +21.39%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for United Rentals. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.07% lower within the past month. United Rentals currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, United Rentals is holding a Forward P/E ratio of 11.31. This represents a discount compared to its industry's average Forward P/E of 17.19.
Also, we should mention that URI has a PEG ratio of 0.7. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Building Products - Miscellaneous was holding an average PEG ratio of 1.83 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.