Overview
United Rentals Q3 revenue beats analyst expectations, reaching $4.229 bln
Adjusted EPS for Q3 misses analyst expectations
Company raises full-year 2025 revenue and capital spending guidance
Outlook
United Rentals raises 2025 revenue guidance to $16.0 bln-$16.2 bln
Company increases 2025 capital spending forecast to $2.55 bln-$2.75 bln
United Rentals maintains cash flow outlook at $5.0 bln-$5.4 bln
Result Drivers
CUSTOMER DEMAND - Strong customer demand in construction and industrial markets drove Q3 results
FLEET PRODUCTIVITY - Fleet productivity increased 2.0% year-over-year, contributing to rental revenue growth
TECHNOLOGY AND SERVICE - One-stop-shop model and industry-leading technology differentiate United Rentals in the market
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $4.22 bln | $4.16 bln (13 Analysts) |
Q3 Adjusted EPS | Miss | $11.70 | $12.30 (16 Analysts) |
Q3 EPS | $10.91 | ||
Q3 Net Income | $701 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for United Rentals Inc is $1,000.00, about 0.2% below its October 21 closing price of $1,002.29
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 17 three months ago
Press Release: ID:nBw6g60jVa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)