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Exploring Analyst Estimates for United Rentals (URI) Q3 Earnings, Beyond Revenue and EPS
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Analysts on Wall Street project that United Rentals (URI - Free Report) will announce quarterly earnings of $13.75 per share in its forthcoming report, representing an increase of 17.5% year over year. Revenues are projected to reach $4.67 billion, increasing 10.3% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some United Rentals metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Revenues- Equipment rentals' will reach $4.07 billion. The estimate points to a change of +11.1% from the year-ago quarter.
The consensus among analysts is that 'Revenues- Sales of rental equipment' will reach $368.10 million. The estimate indicates a change of +10.5% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenues- Service and other revenues' should arrive at $99.82 million. The estimate indicates a change of +7.3% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Contractor supplies sales' should come in at $46.48 million. The estimate indicates a year-over-year change of +8.1%.
The average prediction of analysts places 'Revenues- Sales of new equipment' at $109.25 million. The estimate indicates a change of +15% from the prior-year quarter.
The combined assessment of analysts suggests that 'Gross Margin/Profit- Equipment rentals' will likely reach $1.60 billion. Compared to the present estimate, the company reported $1.45 billion in the same quarter last year.
The consensus estimate for 'Gross Margin/Profit- Sales of rental equipment' stands at $164.52 million. The estimate compares to the year-ago value of $147.00 million.
Analysts expect 'Gross Margin/Profit- Service and other' to come in at $39.23 million. The estimate compares to the year-ago value of $36.00 million.
Analysts' assessment points toward 'Gross Margin/Profit- Contractor supplies sales' reaching $11.91 million. The estimate compares to the year-ago value of $11.00 million.
The collective assessment of analysts points to an estimated 'Gross Margin/Profit- Sales of new equipment' of $21.97 million. Compared to the current estimate, the company reported $20.00 million in the same quarter of the previous year.
Over the past month, United Rentals shares have recorded returns of +4.5% versus the Zacks S&P 500 composite's +2.4% change. Based on its Zacks Rank #2 (Buy), URI will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Exploring Analyst Estimates for United Rentals (URI) Q3 Earnings, Beyond Revenue and EPS
Analysts on Wall Street project that United Rentals (URI - Free Report) will announce quarterly earnings of $13.75 per share in its forthcoming report, representing an increase of 17.5% year over year. Revenues are projected to reach $4.67 billion, increasing 10.3% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some United Rentals metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Revenues- Equipment rentals' will reach $4.07 billion. The estimate points to a change of +11.1% from the year-ago quarter.
The consensus among analysts is that 'Revenues- Sales of rental equipment' will reach $368.10 million. The estimate indicates a change of +10.5% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenues- Service and other revenues' should arrive at $99.82 million. The estimate indicates a change of +7.3% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Contractor supplies sales' should come in at $46.48 million. The estimate indicates a year-over-year change of +8.1%.
The average prediction of analysts places 'Revenues- Sales of new equipment' at $109.25 million. The estimate indicates a change of +15% from the prior-year quarter.
The combined assessment of analysts suggests that 'Gross Margin/Profit- Equipment rentals' will likely reach $1.60 billion. Compared to the present estimate, the company reported $1.45 billion in the same quarter last year.
The consensus estimate for 'Gross Margin/Profit- Sales of rental equipment' stands at $164.52 million. The estimate compares to the year-ago value of $147.00 million.
Analysts expect 'Gross Margin/Profit- Service and other' to come in at $39.23 million. The estimate compares to the year-ago value of $36.00 million.
Analysts' assessment points toward 'Gross Margin/Profit- Contractor supplies sales' reaching $11.91 million. The estimate compares to the year-ago value of $11.00 million.
The collective assessment of analysts points to an estimated 'Gross Margin/Profit- Sales of new equipment' of $21.97 million. Compared to the current estimate, the company reported $20.00 million in the same quarter of the previous year.
View all Key Company Metrics for United Rentals here>>>Over the past month, United Rentals shares have recorded returns of +4.5% versus the Zacks S&P 500 composite's +2.4% change. Based on its Zacks Rank #2 (Buy), URI will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .