Published on 12 Jan 2023 on Zacks via Yahoo Finance
Is United Rentals (URI) Stock Poised for a Solid 2023 Too?
United Rentals, Inc. URI stock gained 53% over the past six months, outperforming the Zacks Building Products - Miscellaneous industry’s 12.6% growth. The company has been gaining from the sustained demand in its end markets and the strength of its core rental business.Even 2023 exhibits widespread growth opportunities across its verticals, with continuous growth opportunities for non-residential and industrial verticals.This Zacks Rank #1 (Strong Buy) stock has a long-term earnings growth rate of 18.2%, which highlights its inherent strength. We believe that United Rentals offers a sound investment opportunity, as evident from its VGM Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate has witnessed an uptrend over the past seven days as analysts raised their estimates. Over the said time frame, the Zacks Consensus Estimate of $37.39 for 2023 has increased from $37.14. The Zacks Consensus Estimate for 2023 earnings of $37.39 per share calls for 14.9% year-over-year growth.
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