Comment
0
Tweet
0
Print
RSS Feeds

United Rentals Beats Analyst Estimates on EPS

Wednesday - 4/17/2013, 2:00am  ET

United Rentals reported earnings on April 16. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), United Rentals met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew.

Gross margins increased, operating margins contracted, net margins dropped.

Revenue details
United Rentals recorded revenue of $1.10 billion. The nine analysts polled by S&P Capital IQ wanted to see a top line of $1.11 billion on the same basis. GAAP reported sales were 68% higher than the prior-year quarter's $656.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.58. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.49 per share. Non-GAAP EPS of $0.58 for Q1 were 61% higher than the prior-year quarter's $0.36 per share. GAAP EPS of $0.19 for Q1 were 12% higher than the prior-year quarter's $0.17 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 53.4%, much better than the prior-year quarter. Operating margin was 14.6%, 20 basis points worse than the prior-year quarter. Net margin was 1.9%, 10 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $1.23 billion. On the bottom line, the average EPS estimate is $1.06.

Next year's average estimate for revenue is $5.06 billion. The average EPS estimate is $4.82.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 206 members out of 225 rating the stock outperform, and 19 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give United Rentals a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on United Rentals is outperform, with an average price target of $63.58.

If you're interested in companies like United Rentals, you might want to check out the jaw-dropping technology that's about to put 100 million Chinese factory workers out on the street – and the 3 companies that control it. We'll tell you all about them in "The Future is Made in America." Click here for instant access to this free report.

This article was originally published as United Rentals Beats Analyst Estimates on EPSon Fool.com

Copyright © 2009 The Motley Fool, LLC. All rights reserved.