United Rentals, Inc. (NYSE:URI) an equipment rental firm, is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 4.28 per share.
Looking ahead, the full year income are expected at $ 14.99 per share on the revenues of $ 8361.38 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 8,050.00 million ~ $ 8,450.00 million
Click Here For More Historical Outlooks Of United Rentals, Inc.
Previous Quarter Performance
United Rentals, Inc. posted income for the second quarter of $ 3.68 per share, from the revenue of $ 1,939.00 million. Street analysts expected United Rentals, Inc. to report income of $ 1.72 per share on revenue of $ 1820.00 million for the second quarter. The bottom line results beat street analysts by $ 1.96 or 113.95 percent, at the same time, top line results outshined analysts by $ 119.00 million or 6.54 percent.
Stock Performance
Shares of United Rentals, Inc. traded low $ -7.31 or -4.01 percent on Tuesday, reaching $ 174.81 with volume of 988.50 thousand shares. United Rentals, Inc. has traded high as $ 182.45 and has cracked $ 174.75 on the downward trend
According to the previous trading day, closing price of $ 174.81, representing a 209.46 % increase from the 52 week low of $ 58.85 and a 10.54 % decrease over the 52 week high of $ 203.57.
The company has a market capital of $ 12.60 billion and is part of the Industrials sector and Rental & Leasing Services industry.
Recent Analyst recommendations
- On 19th October 2020, downgraded by Barclays to Underweight from Equal-Weight rating
- On 12th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 149.00 target price.
- On 23rd September 2020, initiated by Bernstein at Market Perform rating, with $ 188.00 target price.
- On 8th September 2020, downgraded by UBS Group to Neutral from Buy rating, with $ 186.00 target price.
United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
