United Rentals Q3 2024 Adj. EPS $11.80 Misses $12.48 Estimate, Sales $3.992B Miss $4.007B Estimate
Portfolio Pulse from Benzinga Newsdesk
United Rentals reported Q3 2024 earnings per share of $11.80, missing the analyst estimate of $12.48. Sales were $3.992 billion, slightly below the $4.007 billion estimate, but up 6.03% from last year.
October 23, 2024 | 8:15 pm
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NEGATIVE IMPACT
United Rentals' Q3 2024 earnings and sales both missed analyst estimates, with EPS at $11.80 and sales at $3.992 billion. Despite the miss, sales increased by 6.03% year-over-year.
The earnings per share and sales figures both missed analyst expectations, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales growth of 6.03% may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100