United Rentals stock has gained 12.8% year to date, outperforming the Zacks Building Products - Miscellaneous industry's 4.9% growth. The company has been gaining from the sustained demand in its end markets and the strength of its core rental business. The Zacks Consensus Estimate has witnessed an uptrend over the past 30 days as analysts raised their estimates. Over the said time frame, the Zacks Consensus Estimate for 2024 earnings increased to $44.01 from $43.71 per share. The estimated figure calls for ...

Company Overview - United Rentals, Inc. is the largest equipment rental company globally, with an integrated network of 1,600 rental locations across the United States, Canada, Europe, Australia, and New Zealand [10] - The company operates in 49 U.S. states and every Canadian province, offering 4,800 classes of equipment for rent, with a total original equipment cost (OEC) of $20.6 billion as of March 31, 2024 [10] Financial Performance - Equipment rentals accounted for 84% of total revenues in 2023 [10] - United Rentals has a Growth Style Score of B, forecasting year-over-year earnings growth of 7.7% for the current fiscal year [11] - The Zacks Consensus Estimate for fiscal 2024 has increased by $0.69 to $43.88 per share, with six analysts revising their earnings estimates higher in the last 60 days [11] - The company boasts an average earnings surprise of 6% [11] Investment Potential - United Rentals is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of A, indicating solid performance potential [11][12] - With a strong Zacks Rank and top-tier Growth and VGM Style Scores, United Rentals is suggested to be a top pick for growth investors [12]

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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 ...

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]

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, 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, 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) 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 ...

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, ...