Is A Beat Likely For United Rentals (URI) In Q2 Earnings?
Zacks Investment Research | Jul 14, 2019 09:57PM ET
United Rentals, Inc. (NYSE:URI) is scheduled to report second-quarter 2019 results on Jul 17, after market close.
The company surpassed the Zacks Consensus Estimate by 8.2% in the last reported quarter. In fact, United Rentals has a strong earnings and revenue surprise history. The company’s earnings surpassed expectations in 12 of the past 13 quarters, while revenues topped estimates in 11 of the trailing 13 quarters.
Its first-quarter revenues and earnings grew 22.1% and 15.3% year over year, respectively. The upside can be attributed to broad-based growth across geographic markets and vertical end markets served by the company. Solid integration of major acquisitions also boosted the quarterly results. It further gained traction from investments in fleet and technology.
How are Estimates Faring?
Let’s take a look at the estimate revision trend in order to get a clear picture of what analysts are thinking about the company prior to the earnings release.
The Zacks Consensus Estimate for the quarter to be reported has declined from $4.54 to $4.48 in the past seven days. Nonetheless, this reflects an increase of 16.4% from the year-ago earnings of $3.85 per share. Revenues are expected to be $2.27 billion, up 20.3% year over year.
Let’s see how things are shaping up for this announcement.
United Rentals, Inc. Price and EPS Surprise
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