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Why United Rentals (URI) Outpaced the Stock Market Today
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In the latest trading session, United Rentals (URI - Free Report) closed at $675.49, marking a +1.68% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.12%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.54%.
Shares of the equipment rental company witnessed a gain of 0.12% over the previous month, trailing the performance of the Construction sector with its gain of 6.92% and the S&P 500's gain of 2.06%.
The investment community will be paying close attention to the earnings performance of United Rentals in its upcoming release. The company is predicted to post an EPS of $8.32, indicating a 4.65% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.42 billion, up 4.02% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $42.83 per share and a revenue of $15 billion, representing changes of +5.13% and +4.63%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for United Rentals. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. Right now, United Rentals possesses a Zacks Rank of #3 (Hold).
In terms of valuation, United Rentals is presently being traded at a Forward P/E ratio of 15.51. This expresses a discount compared to the average Forward P/E of 18.72 of its industry.
Investors should also note that URI has a PEG ratio of 2.48 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Building Products - Miscellaneous was holding an average PEG ratio of 1.78 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. With its current Zacks Industry Rank of 18, this industry ranks in the top 8% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Why United Rentals (URI) Outpaced the Stock Market Today
In the latest trading session, United Rentals (URI - Free Report) closed at $675.49, marking a +1.68% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.12%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.54%.
Shares of the equipment rental company witnessed a gain of 0.12% over the previous month, trailing the performance of the Construction sector with its gain of 6.92% and the S&P 500's gain of 2.06%.
The investment community will be paying close attention to the earnings performance of United Rentals in its upcoming release. The company is predicted to post an EPS of $8.32, indicating a 4.65% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.42 billion, up 4.02% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $42.83 per share and a revenue of $15 billion, representing changes of +5.13% and +4.63%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for United Rentals. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. Right now, United Rentals possesses a Zacks Rank of #3 (Hold).
In terms of valuation, United Rentals is presently being traded at a Forward P/E ratio of 15.51. This expresses a discount compared to the average Forward P/E of 18.72 of its industry.
Investors should also note that URI has a PEG ratio of 2.48 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Building Products - Miscellaneous was holding an average PEG ratio of 1.78 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. With its current Zacks Industry Rank of 18, this industry ranks in the top 8% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.