United Rentals Narrows FY24 Revenue From $15.05B-$15.35B To $15.10B-$15.30B Vs $15.188B Est.
Portfolio Pulse from Benzinga Newsdesk
United Rentals has adjusted its FY24 revenue guidance to a range of $15.10 billion to $15.30 billion, slightly narrowing from the previous range of $15.05 billion to $15.35 billion. This adjustment is close to the estimated $15.188 billion.
October 23, 2024 | 8:21 pm
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United Rentals has slightly narrowed its FY24 revenue guidance to $15.10B-$15.30B, aligning closely with the market estimate of $15.188B. This suggests a stable revenue outlook.
The narrowing of the revenue guidance range by United Rentals indicates a more precise forecast, which aligns closely with market expectations. This suggests stability in the company's revenue outlook, likely resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100