United Rentals (URI) Stock Slides as Market Rises: Facts to Know Before You Trade
From Nasdaq:
United Rental (URI) closed at $541.39, dropping 1.36%. It surpassed S&P 500’s daily gain of 0.18%. URI increased by 13.4% last month, leading to its stock rise. The upcoming earnings reveal an estimated EPS of $11.43, a 17.35% increase year-on-year, and a projected revenue of $3.62 billion, a 9.82% growth.
Analyzing URI’s estimates and Zacks Rank, we predict valuable insights for post-trading sessions. The Zacks Rank suggests this stock is currently ranked at #3 (Hold), witnessing a 0.17% increase in the Zacks Consensus EPS estimate last month. Currently, URI is trading at a Forward P/E ratio of 12.66.
Additionally, URI boasts a PEG ratio of 0.85 which is considered favorable with a Zacks Industry Rank of 56 in the top 23% of all 250+ industries. We stress that Zacks.com is valuable for proactive market monitoring. The $1 offer to access Zacks’ picks will give investors insights into multiple stock selections. These also include various portfolio services such as Surprise Trader, Stocks Under $10, and Technology Innovators.
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