United Rentals (URI) Gains But Lags Market: What You Should Know
United Rentals (URI) closed the last trading day at USD 199.49, moving + 0.27% from the previous trading session. The stock trailed the S&P 500's daily gain of 0.8%. At the same time, the Dow rose 0.43% and the tech-heavy Nasdaq rose 0.5%.
URI will try to show strength as it nears its next profit release. The company is expected to post earnings per share of $ 4.28, a decrease of 28.19% from the year-ago quarter. The Zacks Consensus estimate for sales predicts net sales of $ 2.13 billion, a decrease of 14.29% from the same period last year.
Looking at the full year, our Zacks Consensus estimates expect analysts to expect earnings of $ 15.27 per share and revenue of $ 8.33 billion. These total numbers would mean changes of -21.77% and -10.87% compared to the previous year.
Investors might also notice the recent changes in analyst estimates for URI. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimates as a good sign of the company's business outlook.
Research shows that these estimated revisions correlate directly with short-term price dynamics. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these estimation changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive, externally verified track record of outperformance, with the # 1 stocks posting average annual returns since 1988 of + 25% Zack's Consensus EPS estimate stagnated last month. URI is currently a Zacks Rank 3 (Hold).
Valuation is also important, so investors should note that URI currently has a Forward P / E ratio of 13.03. This is a discount to the industry's average forward P / E of 19.99.
It's also worth noting that URI currently has a PEG ratio of 1.09. The PEG ratio is similar to the widely used P / E ratio, but it also takes into account the company's expected earnings growth rate. Construction Products - Various stocks hold an average PEG rate of 1.84 based on yesterday's closing prices.
Construction Products - Other Industry is part of the construction sector. This group has a Zacks industry ranking of 23 and is thus among the top 10% of all over 250 industries.
The Zacks Industry Rank measures the strength of our industry groups based on the average Zacks rank of the individual stocks within the groups. Our research shows that the industries with the top 50% outperform the bottom half by a factor of 2 to 1.
Keep track of all of these and many more stock movement metrics on Zacks.com.
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United Rentals, Inc. (URI): Free Stock Research Report
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