United Rentals Q2 2024 Adj EPS $10.70 Beats $10.54 Estimate, Sales $3.773B Miss $3.775B Estimate
Portfolio Pulse from Benzinga Newsdesk
United Rentals (NYSE:URI) reported Q2 2024 adjusted EPS of $10.70, beating the estimate of $10.54. However, sales of $3.773 billion slightly missed the estimate of $3.775 billion. Sales increased by 6.16% compared to the same period last year.
July 24, 2024 | 8:19 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
United Rentals reported Q2 2024 adjusted EPS of $10.70, beating estimates, but sales slightly missed expectations. Sales increased by 6.16% YoY.
The beat on EPS is a positive indicator and will likely boost investor confidence, leading to a short-term price increase. The slight miss on sales is negligible, especially given the YoY growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100