We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
United Rentals (URI) Moves 10.7% Higher: Will This Strength Last?
Read MoreHide Full Article
United Rentals (URI - Free Report) shares soared 10.7% in the last trading session to close at $611.12. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.1% loss over the past four weeks.
Following President Trump's announcement to suspend U.S. tariffs on most countries for 90 days, United Rentals shares soared, reflecting renewed investor optimism.
This equipment rental company is expected to post quarterly earnings of $8.92 per share in its upcoming report, which represents a year-over-year change of -2.5%. Revenues are expected to be $3.58 billion, up 2.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For United Rentals, the consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on URI going forward to see if this recent jump can turn into more strength down the road.
United Rentals is a member of the Zacks Building Products - Miscellaneous industry. One other stock in the same industry, Aspen Aerogels (ASPN - Free Report) , finished the last trading session 9.8% higher at $5.51. ASPN has returned -32.4% over the past month.
Aspen Aerogels' consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.05. Compared to the company's year-ago EPS, this represents a change of -600%. Aspen Aerogels currently boasts a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
United Rentals (URI) Moves 10.7% Higher: Will This Strength Last?
United Rentals (URI - Free Report) shares soared 10.7% in the last trading session to close at $611.12. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.1% loss over the past four weeks.
Following President Trump's announcement to suspend U.S. tariffs on most countries for 90 days, United Rentals shares soared, reflecting renewed investor optimism.
This equipment rental company is expected to post quarterly earnings of $8.92 per share in its upcoming report, which represents a year-over-year change of -2.5%. Revenues are expected to be $3.58 billion, up 2.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For United Rentals, the consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on URI going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
United Rentals is a member of the Zacks Building Products - Miscellaneous industry. One other stock in the same industry, Aspen Aerogels (ASPN - Free Report) , finished the last trading session 9.8% higher at $5.51. ASPN has returned -32.4% over the past month.
Aspen Aerogels' consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.05. Compared to the company's year-ago EPS, this represents a change of -600%. Aspen Aerogels currently boasts a Zacks Rank of #3 (Hold).