- United Rentals (URI, Financial) expected to post its Q1 earnings on April 23rd, with analysts forecasting an EPS of $8.81.
- Anticipated revenue growth of 3.4% to reach $3.61 billion, despite a predicted EPS drop of 3.7%.
- Analysts give URI an "Outperform" rating, with a potential 21.19% upside from current prices.
Earnings Preview: What to Expect
United Rentals (NYSE: URI) is gearing up to announce its first-quarter earnings on April 23rd, after the market closes. While analysts are projecting a slight decline in earnings per share (EPS) by 3.7% from the previous year to $8.81, revenue is expected to climb by 3.4%, reaching $3.61 billion. Historically, the company has demonstrated a strong track record, surpassing EPS estimates 63% of the time and revenue expectations 75% of the time over the past two years, offering a glimpse of potential performance for investors.
Wall Street Analysts Forecast
Analyst sentiment remains optimistic with a one-year average price target of $696.57 for United Rentals Inc (URI, Financial), derived from 16 experts. The projections range from a high estimate of $974.00 to a low of $485.00, suggesting a promising upside of 21.19% from the current share price of $574.76. For more granular insights, investors can explore the United Rentals Inc (URI) Forecast page.
Brokerage Firm Recommendations
The average recommendation from 23 brokerage firms positions United Rentals Inc (URI, Financial) at a rating of 2.4, which translates to an "Outperform" status. This rating uses a scale where 1 indicates Strong Buy and 5 suggests a Sell, reinforcing a favorable outlook from the analyst community.
Valuation Insights: GF Value
According to GuruFocus estimates, United Rentals Inc (URI, Financial) is projected to reach a GF Value of $614.73 within one year, presenting a potential upside of 6.95% from the current share price of $574.76. The GF Value metric is GuruFocus's fair value estimate, calculated by considering historical trading multiples, previous business growth, and future performance projections. To delve deeper into valuation specifics, visit the United Rentals Inc (URI) Summary page.
