United Rentals(URI)
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Here's Why United Rentals (URI) is a Strong Value Stock
ZACKS· 2024-06-04 14:45
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium includes access to the Zacks Style Scores ...
United Rentals (URI) Stock Surges 92% in a Year: Here's Why
zacks.com· 2024-05-29 18:06
United Rentals, Inc.'s (URI) stock surged 91.8% in the past year compared with the Zacks Building Products - Miscellaneous industry's 52% growth and S&P 500 index's 26.2% rise. The company's focus on rental business, solid infrastructure and non-residential sectors demand, and acquisitions are making it more attractive among its peers. High Infrastructural Investment: United Rentals is capitalizing on robust global shifts toward infrastructure modernization, energy transition, and heightened national securi ...
Here's Why United Rentals (URI) is a Strong Momentum Stock
zacks.com· 2024-05-17 14:56
Group 1: Zacks Style Scores Overview - Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum characteristics, helping investors identify stocks with the best chances of outperforming the market over the next 30 days [2][3] - Each stock is assigned a rating of A, B, C, D, or F based on its characteristics, with A being the highest score indicating the best chance of outperforming [3] Group 2: Value Score - The Value Score identifies attractive and discounted stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, appealing to value investors looking for good stocks at good prices [3] Group 3: Growth Score - The Growth Score focuses on a stock's future prospects and financial health, analyzing projected and historic earnings, sales, and cash flow to find stocks with sustainable growth potential [4] Group 4: Momentum Score - The Momentum Score is designed for traders who capitalize on price trends, using factors like one-week price change and monthly earnings estimate changes to indicate favorable times to invest in high-momentum stocks [5] Group 5: VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores, providing a comprehensive rating to help investors find companies with attractive value, strong growth forecasts, and promising momentum [6] Group 6: Zacks Rank and Performance - The Zacks Rank utilizes earnings estimate revisions to help investors create successful portfolios, with 1 (Strong Buy) stocks producing an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - There are over 800 top-rated stocks available, including more than 200 with a Strong Buy rank and 600 with a Buy rank, which can be overwhelming for investors [8] Group 7: Stock to Watch - United Rentals (URI) - United Rentals, Inc. is the largest equipment rental company globally, operating 1,600 rental locations across multiple countries, with an original equipment cost of $20.6 billion as of March 31, 2024 [12] - Equipment rentals accounted for 84% of total revenues in 2023, indicating a strong reliance on this segment [12] - URI has a Zacks Rank of 3 (Hold) and a VGM Score of A, with a Momentum Style Score of B, and shares have increased by 7.6% over the past four weeks [13] - Six analysts have revised their earnings estimates upwards for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.79 to $43.71 per share, and URI has an average earnings surprise of 6% [13][14]
Equipment Rentals Aids United Rentals (URI) in Q1 Earnings
Zacks Investment Research· 2024-04-26 18:05
United Rentals, Inc. (URI) witnessed a surge of 5.5% in its stock on Apr 25 trading session, following the release of its favorable first-quarter 2024 reports on Apr 24, 2024. This increase occurred despite broader indexes experiencing declines attributed to slower-than-expected GDP growth and increasing consumer prices.This largest equipment rental company reported first-quarter adjusted earnings per share of $9.15, ahead of the consensus mark by 9.6%, and total revenues were also modestly ahead of the mar ...
United Rentals (URI) Stock Up on Q1 Earnings & Revenue Beat
Zacks Investment Research· 2024-04-25 17:55
United Rentals, Inc. (URI) witnessed a 2.3% increase in its shares during the after-hours trading session on Apr 24, following the release of its impressive first-quarter 2024 results. The company surpassed the Zacks Consensus Estimate for both earnings and revenues, with notable year-over-year growth.The company demonstrated significant revenue growth, particularly in its Equipment Rentals segment, which is its primary revenue source. This segment experienced a robust 6.9% growth, reflecting a high level o ...
United Rentals(URI) - 2024 Q1 - Earnings Call Transcript
2024-04-25 15:09
United Rentals, Inc. (NYSE:URI) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Matthew Flannery - President and CEO William Ted Grace - EVP and CFO Conference Call Participants Steven Fisher - UBS Stanley Elliot - Stifel Ken Newman - KeyBanc Capital Markets Operator Good morning and welcome to the United Rentals Investor Conference call. Please be advised that this call is being recorded. Before we begin, please note that the company's press release, comments made on today's ...
United Rentals (URI) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-04-25 00:01
United Rentals (URI) reported $3.49 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.1%. EPS of $9.15 for the same period compares to $7.95 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.41 billion, representing a surprise of +2.11%. The company delivered an EPS surprise of +9.58%, with the consensus EPS estimate being $8.35.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...
United Rentals(URI) - 2024 Q1 - Quarterly Results
2024-04-24 20:29
Exhibit 99.1 United Rentals, Inc. 100 First Stamford Place, Suite 700 Stamford, CT 06902 Telephone: 203 622 3131 unitedrentals.com United Rentals Announces Record First Quarter Results and Raises 2024 Guidance to Reflect the Acquisition of Yak STAMFORD, Conn. – April 24, 2024 – United Rentals, Inc. (NYSE: URI) today announced financial results for the first quarter of 2024 and raised its full-year 2024 guidance to include the expected financial contribution from the company's acquisition of Yak on March 15, ...
United Rentals(URI) - 2024 Q1 - Quarterly Report
2024-04-24 20:26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-14387 Commission File Number 1-13663 ___________________________________ Tab ...
Things to Consider Before United Rentals' (URI) Q1 Earnings
Zacks Investment Research· 2024-04-22 16:00
United Rentals, Inc. (URI) is scheduled to report first-quarter 2024 results on Apr 24, after market close.In the last reported quarter, United Rentals’ adjusted earnings and revenues topped the Zacks Consensus Estimate by 3.8% and 2.8%, respectively. This largest equipment rental company’s fourth-quarter 2023 adjusted earnings and revenues grew 15.6% and 13.1% year over year, respectively.Markedly, its earnings surpassed expectations in three of the trailing four quarters and missed on other occasions, wit ...