In the latest trading session, United Rentals (URI - Free Report) closed at $126.71, marking a -0.01% move from the previous day. This change was narrower than the S&P 500's daily loss of 0.92%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 1.65%.
Coming into today, shares of the equipment rental company had lost 9.38% in the past month. In that same time, the Construction sector lost 7.03%, while the S&P 500 lost 2.56%.
Investors will be hoping for strength from URI as it approaches its next earnings release, which is expected to be January 23, 2019. On that day, URI is projected to report earnings of $4.63 per share, which would represent year-over-year growth of 38.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.14 billion, up 11.22% from the year-ago period.
URI's full-year Zacks Consensus Estimates are calling for earnings of $16.17 per share and revenue of $7.89 billion. These results would represent year-over-year changes of +52.69% and +18.86%, respectively.
Any recent changes to analyst estimates for URI should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.44% higher. URI is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that URI has a Forward P/E ratio of 7.84 right now. This valuation marks a discount compared to its industry's average Forward P/E of 14.8.
We can also see that URI currently has a PEG ratio of 0.44. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. URI's industry had an average PEG ratio of 0.91 as of yesterday's close.
The Building Products - Miscellaneous industry is part of the Construction sector. This group has a Zacks Industry Rank of 218, putting it in the bottom 15% of all 250+ industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.