With a market cap of $65.4 billion, United Rentals, Inc. (URI) is the world’s largest equipment rental company, operating an extensive network of 1,774 rental locations across North America, Europe, Australia, and New Zealand, supported by approximately 28,100 employees. The company serves a diverse range of customers across construction, industrial, utilities, and other sectors, offering a broad equipment rental fleet with a total original cost of $23.75 billion.
The Stamford, Connecticut-based company is expected to announce its fiscal Q3 2026 results after the market closes on Wednesday, Oct. 28. Ahead of this event, analysts forecast URI to post an adjusted EPS of $13.72, up 17.3% from $11.70 in the year-ago quarter. It has surpassed Wall Street's earnings estimates in two of the last four quarters while missing on two other occasions.
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For fiscal 2026, analysts predict the equipment rental company to report an adjusted EPS of $48.87, a 16.2% increase from $42.06 in fiscal 2025.
www.barchart.com Shares of United Rentals have risen 6.9% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 15.6% gain and the State Street Industrial Select Sector SPDR ETF’s (XLI) 9.8% return over the same period.
www.barchart.com United Rentals shares jumped 10.1% following its Q2 2026 results on Jul. 22 as revenue reached a record $4.41 billion and adjusted EPS of $12.76, both topping the estimates, and rental revenue rose 12.7% to $3.85 billion. The strong quarter was driven by a 3.4% improvement in fleet productivity and robust demand from large construction and industrial projects, reinforcing management’s view of continued customer optimism and strong backlogs. The company also raised 2026 revenue guidance to $17.5 billion - $17.8 billion, adjusted EBITDA to $7.98 billion - $8.13 billion, and operating cash flow to $5.85 billion - $6.65 billion.
Analysts' consensus view on URI stock is cautiously optimistic, with a "Moderate Buy" rating overall. Among 21 analysts covering the stock, 13 recommend "Strong Buy," two have a "Moderate Buy," five suggest "Hold," and one advises "Strong Sell." This configuration is slightly less bullish than three months ago, with 14 analysts suggesting a "Strong Buy."
The average analyst price target for URI is $1,262.95, suggesting a potential upside of 19.7% from current levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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