United Rentals Q1 Earnings Preview
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy URI?
Source: seekingalpha
- Earnings Announcement Date: United Rentals (URI) is set to release its Q1 2023 earnings on April 22 after market close, with consensus EPS estimate at $8.94, reflecting a 0.9% year-over-year increase, and revenue expected at $3.87 billion, up 4.0%, which will provide crucial performance insights for investors.
- Historical Performance Review: Over the past two years, URI has exceeded EPS estimates 38% of the time and revenue estimates 63% of the time, indicating a relative stability in the company's ability to manage market expectations, potentially boosting investor confidence.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and nine downward adjustments, while revenue estimates have experienced two upward and six downward revisions, reflecting market divergence regarding the company's future performance, necessitating close monitoring of market reactions post-earnings release.
- Industry Trend Analysis: Despite long-term market challenges, UBS highlights signs of recovery in rental equipment demand, suggesting that industry momentum could obscure potential long-term headwinds, indicating that URI still possesses growth potential in the current market environment.
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Analyst Views on URI
Wall Street analysts forecast URI stock price to rise
14 Analyst Rating
12 Buy
1 Hold
1 Sell
Strong Buy
Current: 802.790
Low
600.00
Averages
1004
High
1150
Current: 802.790
Low
600.00
Averages
1004
High
1150
About URI
United Rentals, Inc. is an equipment rental company. The Company's segments include General Rentals and Specialty. General Rentals segment includes the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities. General Rentals segment has four geographic divisions - Central, Northeast, Southeast and West - and operates throughout the United States and Canada. Specialty segment rents products (and provides setup and other services on such rented equipment), including trench safety equipment, such as trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers and line testing equipment for underground work; fluid solutions equipment primarily used for fluid containment, transfer and treatment, and mobile storage equipment and modular office space. It has an integrated network of around 1,591 rental locations in North America, 39 in Europe, 37 in Australia and 19 in New Zealand.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
United Rentals Q1 Earnings Preview
- Earnings Announcement Date: United Rentals (URI) is set to release its Q1 2023 earnings on April 22 after market close, with consensus EPS estimate at $8.94, reflecting a 0.9% year-over-year increase, and revenue expected at $3.87 billion, up 4.0%, which will provide crucial performance insights for investors.
- Historical Performance Review: Over the past two years, URI has exceeded EPS estimates 38% of the time and revenue estimates 63% of the time, indicating a relative stability in the company's ability to manage market expectations, potentially boosting investor confidence.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and nine downward adjustments, while revenue estimates have experienced two upward and six downward revisions, reflecting market divergence regarding the company's future performance, necessitating close monitoring of market reactions post-earnings release.
- Industry Trend Analysis: Despite long-term market challenges, UBS highlights signs of recovery in rental equipment demand, suggesting that industry momentum could obscure potential long-term headwinds, indicating that URI still possesses growth potential in the current market environment.
See More
Analysis of Significant Stock Movements Among Companies
- Netflix Buyback Plan: Netflix authorized an additional $25 billion share buyback, leading to a stock price increase of over 1%, aimed at boosting shareholder confidence and enhancing long-term company value.
- Helix Merger Announcement: Helix Energy Solutions agreed to merge with Hornbeck Offshore Services in an all-stock deal, resulting in a more than 3% rise in stock price, with the merger expected to close in the second half of 2026, enhancing competitive positioning in the offshore services market.
- Honeywell Mixed Earnings: Honeywell reported Q1 adjusted earnings of $2.45 per share, beating expectations, but revenue of $9.1 billion fell short of forecasts, causing a 5.6% drop in stock price, reflecting market concerns over its future guidance.
- Mobileye Strong Performance: Mobileye reported Q1 adjusted earnings of 12 cents per share on revenue of $558 million, both exceeding analyst expectations, resulting in an 11% stock price increase, indicating robust growth potential in the autonomous driving sector.
See More
UNITED RENTALS STOCK RISES 14.6% IN PREMARKET TRADING FOLLOWING INCREASE IN FY SALES OUTLOOK
Sales Increase: United Rentals shares have risen by 14.6% following a positive forecast after the company's sales report.
Market Reaction: The stock market responded favorably to the sales figures, indicating investor confidence in the company's future performance.
See More
IBM Fails to Raise Full-Year Guidance, Shares Drop
- IBM Earnings Miss: IBM reported Q1 earnings of $1.91 per share, beating the $1.81 forecast, yet failed to raise its full-year guidance, resulting in a 6% drop in shares, indicating market concerns over future growth prospects.
- Tesla's Mixed Results: Tesla's Q1 adjusted earnings were 41 cents per share, surpassing the 37 cents expected by analysts, but its revenue of $22.39 billion fell short of the $22.64 billion consensus, reflecting cautious market sentiment regarding sales growth.
- Texas Instruments Strong Outlook: Texas Instruments forecasts current-quarter earnings between $1.77 and $2.05 per share, significantly above the $1.57 consensus, leading to a 10% increase in shares, showcasing robust demand in the semiconductor sector.
- United Rentals Sales Forecast Boost: United Rentals raised its full-year sales forecast to a range of $16.9 billion to $17.4 billion, with shares jumping over 15%, indicating strong market momentum heading into the busy season.
See More
United Rentals Q1 Earnings Exceed Expectations, Raises Outlook
- Earnings Beat: United Rentals (URI) reported a record total revenue of $3.99 billion for Q1, surpassing analysts' expectations of $3.87 billion, indicating robust performance in the equipment rental sector and solidifying its market leadership.
- Profitability Gains: Net income rose 2.5% year-over-year to $531 million, with earnings per share reaching $8.43, exceeding market expectations of $7.91, reflecting the company's success in cost control and operational efficiency.
- Optimistic Outlook: United Rentals raised its 2026 revenue forecast to a range of $16.9 billion to $17.4 billion, up from the previous guidance of $16.8 billion to $17.3 billion, demonstrating confidence in future market demand.
- Shareholder Returns: In Q1, United Rentals returned $500 million to shareholders through $375 million in share repurchases and $125 million in dividends, indicating a commitment to shareholder value alongside profit growth.
See More
United Rentals Reports Q1 Earnings Growth
- Earnings Growth: United Rentals reported Q1 earnings of $531 million, or $8.43 per share, marking a significant increase from $518 million and $7.91 per share last year, reflecting the company's strong market performance and enhanced profitability.
- Adjusted Earnings: Excluding items, the adjusted earnings per share stood at $9.71, indicating robust core business performance and improved earnings quality, which further boosts investor confidence in the company's future growth.
- Revenue Increase: The company's revenue rose 7.3% year-over-year to $3.98 billion, up from $3.71 billion last year, demonstrating sustained demand in the equipment rental market that has driven overall performance improvements.
- Full-Year Guidance: United Rentals provided full-year revenue guidance of $16.9 billion to $17.4 billion, showcasing the company's optimistic outlook on future market conditions and offering investors clear growth expectations.
See More
United Rentals Q1 Earnings Preview
- Earnings Announcement Date: United Rentals (URI) is set to release its Q1 2023 earnings on April 22 after market close, with consensus EPS estimate at $8.94, reflecting a 0.9% year-over-year increase, and revenue expected at $3.87 billion, up 4.0%, which will provide crucial performance insights for investors.
- Historical Performance Review: Over the past two years, URI has exceeded EPS estimates 38% of the time and revenue estimates 63% of the time, indicating a relative stability in the company's ability to manage market expectations, potentially boosting investor confidence.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and nine downward adjustments, while revenue estimates have experienced two upward and six downward revisions, reflecting market divergence regarding the company's future performance, necessitating close monitoring of market reactions post-earnings release.
- Industry Trend Analysis: Despite long-term market challenges, UBS highlights signs of recovery in rental equipment demand, suggesting that industry momentum could obscure potential long-term headwinds, indicating that URI still possesses growth potential in the current market environment.
See More
Analysis of Significant Stock Movements Among Companies
- Netflix Buyback Plan: Netflix authorized an additional $25 billion share buyback, leading to a stock price increase of over 1%, aimed at boosting shareholder confidence and enhancing long-term company value.
- Helix Merger Announcement: Helix Energy Solutions agreed to merge with Hornbeck Offshore Services in an all-stock deal, resulting in a more than 3% rise in stock price, with the merger expected to close in the second half of 2026, enhancing competitive positioning in the offshore services market.
- Honeywell Mixed Earnings: Honeywell reported Q1 adjusted earnings of $2.45 per share, beating expectations, but revenue of $9.1 billion fell short of forecasts, causing a 5.6% drop in stock price, reflecting market concerns over its future guidance.
- Mobileye Strong Performance: Mobileye reported Q1 adjusted earnings of 12 cents per share on revenue of $558 million, both exceeding analyst expectations, resulting in an 11% stock price increase, indicating robust growth potential in the autonomous driving sector.
See More
UNITED RENTALS STOCK RISES 14.6% IN PREMARKET TRADING FOLLOWING INCREASE IN FY SALES OUTLOOK
Sales Increase: United Rentals shares have risen by 14.6% following a positive forecast after the company's sales report.
Market Reaction: The stock market responded favorably to the sales figures, indicating investor confidence in the company's future performance.
See More
IBM Fails to Raise Full-Year Guidance, Shares Drop
- IBM Earnings Miss: IBM reported Q1 earnings of $1.91 per share, beating the $1.81 forecast, yet failed to raise its full-year guidance, resulting in a 6% drop in shares, indicating market concerns over future growth prospects.
- Tesla's Mixed Results: Tesla's Q1 adjusted earnings were 41 cents per share, surpassing the 37 cents expected by analysts, but its revenue of $22.39 billion fell short of the $22.64 billion consensus, reflecting cautious market sentiment regarding sales growth.
- Texas Instruments Strong Outlook: Texas Instruments forecasts current-quarter earnings between $1.77 and $2.05 per share, significantly above the $1.57 consensus, leading to a 10% increase in shares, showcasing robust demand in the semiconductor sector.
- United Rentals Sales Forecast Boost: United Rentals raised its full-year sales forecast to a range of $16.9 billion to $17.4 billion, with shares jumping over 15%, indicating strong market momentum heading into the busy season.
See More
United Rentals Q1 Earnings Exceed Expectations, Raises Outlook
- Earnings Beat: United Rentals (URI) reported a record total revenue of $3.99 billion for Q1, surpassing analysts' expectations of $3.87 billion, indicating robust performance in the equipment rental sector and solidifying its market leadership.
- Profitability Gains: Net income rose 2.5% year-over-year to $531 million, with earnings per share reaching $8.43, exceeding market expectations of $7.91, reflecting the company's success in cost control and operational efficiency.
- Optimistic Outlook: United Rentals raised its 2026 revenue forecast to a range of $16.9 billion to $17.4 billion, up from the previous guidance of $16.8 billion to $17.3 billion, demonstrating confidence in future market demand.
- Shareholder Returns: In Q1, United Rentals returned $500 million to shareholders through $375 million in share repurchases and $125 million in dividends, indicating a commitment to shareholder value alongside profit growth.
See More
United Rentals Reports Q1 Earnings Growth
- Earnings Growth: United Rentals reported Q1 earnings of $531 million, or $8.43 per share, marking a significant increase from $518 million and $7.91 per share last year, reflecting the company's strong market performance and enhanced profitability.
- Adjusted Earnings: Excluding items, the adjusted earnings per share stood at $9.71, indicating robust core business performance and improved earnings quality, which further boosts investor confidence in the company's future growth.
- Revenue Increase: The company's revenue rose 7.3% year-over-year to $3.98 billion, up from $3.71 billion last year, demonstrating sustained demand in the equipment rental market that has driven overall performance improvements.
- Full-Year Guidance: United Rentals provided full-year revenue guidance of $16.9 billion to $17.4 billion, showcasing the company's optimistic outlook on future market conditions and offering investors clear growth expectations.
See More
