Finance

Earnings Reaction History: United Rentals, Inc. (NYSE:URI) has a 67.86% chance to rise

United Rentals, Inc. (NYSE:URI) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 18, 2017. The stock added about 7.6 percent in price since last results when it was at $114.26 a share. Based on the most relevant past-periods data, there is an 67.86 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 19 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 91% of the time in its last 12 earnings reports. It fell short of earnings estimates on 1 occasions, and it has met expectations 0 time.

Here’s how traders responded to URI earnings announcements over the past few quarters.

United Rentals, Inc. (URI) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 12.75 percent over the past four quarters. Back on January 25, 2017, it posted earnings per-share earnings at $2.67 which beat the consensus $2.3 projection (positive surprise of16.09%. For the quarter, revenue came in at 1.52B versus consensus estimate of 1.5B. The stock gained 11.2 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.

On October 19, 2016, it reported earnings at $2.58 a share compared with the consensus estimate of $2.45 per share (positive surprise of 5.31%). Revenue of 1.51B for that quarter was below the $1.52B analysts had expected. The stock climbed 4.7% the day following the earnings announcement, and on 7th day price change was 0.81%.

On July 20, 2016, it recorded $2.06 a share in earnings which topped the consensus estimate of $1.84 (positive surprise of 11.96%). Revenue for the quarter was $1.42B while analysts called for revenues to be $1.4B. The stock gained 9.15% the day following the earnings data was made public, and on 7th day price change was 15.3%.

On April 20, 2016, it announced earnings per share at $1.4 versus the consensus estimate of $1.19 per share (positive surprise of 17.65%). That came on revenues of $1.31B for that period. Analysts had expected $1.29B in revenue.

United Rentals, Inc. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $1.48. The analysts’ present consensus range is $1.16-$1.69 for EPS. The market consensus range for revenue is between $1.3B and $1.36B, with an average of $1.33B.

United Rentals, Inc. (NYSE:URI) last ended at $124.2, sending the company’s market cap near $10.47B. The consensus 12-month price target from analysts covering the stock is $126. The share price has declined -7.51% from its top level in 52 weeks and dropped 17.64% this year. It recently traded in a range of $122.98-$125.06 at a volume of 1359734 shares. The recent trading ended with the price nearly -4.3 lower for the last 5 trading days, rebounding 121.75% from its 52-week low.

 

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