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United Rentals (URI) To Report Earnings Tomorrow: Here Is What To Expect

URI Cover Image

Equipment rental company United Rentals (NYSE: URI) will be reporting results this Wednesday after market hours. Here’s what you need to know.

United Rentals beat analysts’ revenue expectations by 2.5% last quarter, reporting revenues of $3.72 billion, up 6.7% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ organic revenue estimates and a solid beat of analysts’ EBITDA estimates.

Is United Rentals a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting United Rentals’s revenue to grow 3.6% year on year to $3.91 billion, slowing from the 6.2% increase it recorded in the same quarter last year.

United Rentals Total Revenue

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 4 downward revisions over the last 30 days (we track 13 analysts). United Rentals has missed Wall Street’s revenue estimates three times over the last two years.

Looking at United Rentals’s peers in the industrial distributors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Fastenal delivered year-on-year revenue growth of 8.6%, beating analysts’ expectations by 0.5%, and MSC Industrial reported flat revenue, in line with consensus estimates. Fastenal traded up 4.2% following the results while MSC Industrial was also up 5.4%.

Read our full analysis of Fastenal’s results here and MSC Industrial’s results here.

There has been positive sentiment among investors in the industrial distributors segment, with share prices up 5.9% on average over the last month. United Rentals is up 8.6% during the same time.

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