United Rentals (URI) Sees a More Significant Dip Than Broader Market: Some Facts to Know
From Nasdaq:
United Rentals (URI) closed at $573.42, down -0.91% from the previous trading day and lagging the S&P 500’s 0.28% loss. United Rentals’ recent growth of 21.57% outperforms the Construction sector’s 15.49% and the S&P 500’s 5.24% gains.
Symbol URI is anticipated to post an adjusted profit of $11.45 per share on $3.64 billion of revenue in its upcoming report. For the entire fiscal year, estimates are projecting earnings of $41.07 per share and revenue of $14.22 billion, signifying changes of +26.37% and +22.18%, respectively, from the previous year.
United Rentals has a Zacks Rank of #3 (Hold) and is currently trading with a Forward P/E ratio of 14.09, lower than it’s industry’s average ratio of 19.14. The stock’s PEG ratio stands at 0.94. The company is part of the top 12% of industries in the Construction sector with a Zacks Industry Rank of 28.
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