United Rentals Q4 2023 Adj EPS $11.26 Beats $10.93 Estimate, Sales $3.73B Beat $3.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
United Rentals reported Q4 2023 adjusted earnings per share (EPS) of $11.26, surpassing the estimated $10.93. Sales reached $3.73 billion, also beating the expected $3.62 billion.
January 24, 2024 | 9:16 pm
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POSITIVE IMPACT
United Rentals exceeded Q4 2023 EPS and sales estimates, which could lead to positive investor sentiment and a potential increase in stock price.
Beating both EPS and sales estimates typically generates positive investor sentiment, which can lead to an increase in stock price in the short term. Given that United Rentals has surpassed expectations on both fronts, it is likely that the stock will experience upward pressure.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100