United Rentals Sees FY24 Revenue $14.950B-$15.450B Vs $15.036B Est.
Portfolio Pulse from Benzinga Newsdesk
United Rentals projects its FY24 revenue to be in the range of $14.950B to $15.450B, compared to the estimated $15.036B.
April 24, 2024 | 8:21 pm
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NEUTRAL IMPACT
United Rentals projects FY24 revenue to be between $14.950B and $15.450B, aligning closely with the estimated $15.036B.
The projected revenue range for United Rentals in FY24 closely matches the analyst estimates, indicating a neutral impact on the stock price in the short term. The forecast being in line with expectations suggests stability in the company's business outlook, but without significantly exceeding expectations, it may not drive a strong positive reaction in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100