Subtext

United Rentals, Inc. URI

SectorIndustrials
Transcripts45
Date range2014-04-17 – 2025-04-24
Calls charted45

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-15-8+0+8+152014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1 · Overall: +4.72014 Q2 · Overall: +7.52014 Q3 · Overall: +11.12014 Q4 · Overall: +4.52015 Q1 · Overall: +4.12015 Q2 · Overall: +1.82015 Q3 · Overall: +3.22015 Q4 · Overall: -0.92016 Q1 · Overall: +1.72016 Q2 · Overall: +3.52016 Q3 · Overall: +4.72016 Q4 · Overall: +9.32017 Q1 · Overall: +11.12017 Q2 · Overall: +8.52017 Q3 · Overall: +5.62017 Q4 · Overall: +8.72018 Q1 · Overall: +11.62018 Q2 · Overall: +7.02018 Q3 · Overall: +9.32018 Q4 · Overall: +8.82019 Q1 · Overall: +10.62019 Q2 · Overall: +4.22019 Q3 · Overall: +5.32019 Q4 · Overall: +2.02020 Q1 · Overall: -1.82020 Q2 · Overall: -0.82020 Q3 · Overall: +6.12020 Q4 · Overall: +5.42021 Q1 · Overall: +7.82021 Q2 · Overall: +8.72021 Q3 · Overall: +13.32021 Q4 · Overall: +12.32022 Q1 · Overall: +9.72022 Q2 · Overall: +13.42022 Q3 · Overall: +7.62022 Q4 · Overall: +7.12023 Q1 · Overall: +7.82023 Q2 · Overall: +6.92023 Q3 · Overall: +6.52023 Q4 · Overall: +7.02024 Q1 · Overall: +10.32024 Q2 · Overall: +8.52024 Q3 · Overall: +11.12024 Q4 · Overall: +12.32025 Q1 · Overall: +7.6
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-26-13+0+13+262014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1 · CEO: +11.52014 Q2 · CEO: +11.32014 Q3 · CEO: +17.62014 Q4 · CEO: +8.42015 Q1 · CEO: +8.52015 Q2 · CEO: +4.32015 Q3 · CEO: +10.52015 Q4 · CEO: +0.72016 Q3 · CEO: +13.82016 Q4 · CEO: +11.32017 Q1 · CEO: +15.72017 Q2 · CEO: +21.62017 Q3 · CEO: +7.22017 Q4 · CEO: +15.32018 Q1 · CEO: +22.22018 Q2 · CEO: +14.92018 Q3 · CEO: +22.32018 Q4 · CEO: +15.32019 Q1 · CEO: +19.52019 Q2 · CEO: +10.62019 Q3 · CEO: +10.82019 Q4 · CEO: +6.32020 Q1 · CEO: +1.12020 Q2 · CEO: +2.32020 Q3 · CEO: +10.32020 Q4 · CEO: +10.82021 Q1 · CEO: +13.12021 Q2 · CEO: +14.62021 Q3 · CEO: +19.02021 Q4 · CEO: +20.52022 Q1 · CEO: +14.32022 Q2 · CEO: +16.42022 Q3 · CEO: +11.52022 Q4 · CEO: +11.92023 Q1 · CEO: +17.02023 Q2 · CEO: +11.22023 Q3 · CEO: +9.92023 Q4 · CEO: +11.52024 Q2 · CEO: +15.52024 Q3 · CEO: +14.52024 Q4 · CEO: +20.22025 Q1 · CEO: +10.82014 Q1 · CFO: +4.32014 Q2 · CFO: +10.02014 Q3 · CFO: +10.32014 Q4 · CFO: +9.12015 Q1 · CFO: +6.22015 Q2 · CFO: +4.32015 Q3 · CFO: +2.12015 Q4 · CFO: -1.52016 Q3 · CFO: +4.62016 Q4 · CFO: +9.82017 Q1 · CFO: +10.42017 Q2 · CFO: +6.02017 Q3 · CFO: +6.62017 Q4 · CFO: +4.62018 Q1 · CFO: +10.32018 Q2 · CFO: +5.02018 Q3 · CFO: +7.42018 Q4 · CFO: +8.02019 Q1 · CFO: +11.82019 Q2 · CFO: +10.52019 Q3 · CFO: +0.62019 Q4 · CFO: -2.12020 Q1 · CFO: -8.22020 Q2 · CFO: +2.12020 Q3 · CFO: +12.42020 Q4 · CFO: +11.12021 Q1 · CFO: +11.82021 Q2 · CFO: +10.02021 Q3 · CFO: +15.42021 Q4 · CFO: +14.62022 Q1 · CFO: +14.42022 Q2 · CFO: +21.62022 Q3 · CFO: +10.82022 Q4 · CFO: +8.62023 Q1 · CFO: +7.72023 Q2 · CFO: +10.12023 Q3 · CFO: +10.92023 Q4 · CFO: +8.52024 Q2 · CFO: +10.02024 Q3 · CFO: +12.52024 Q4 · CFO: +13.22025 Q1 · CFO: +9.5
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-59-29+0+29+592014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1 · Prepared remarks: +10.62014 Q2 · Prepared remarks: +11.82014 Q3 · Prepared remarks: +11.12014 Q4 · Prepared remarks: +11.62015 Q1 · Prepared remarks: +8.42015 Q2 · Prepared remarks: +6.02015 Q3 · Prepared remarks: +5.62015 Q4 · Prepared remarks: +5.22016 Q1 · Prepared remarks: +0.32016 Q2 · Prepared remarks: +5.32016 Q3 · Prepared remarks: +6.72016 Q4 · Prepared remarks: +13.82017 Q1 · Prepared remarks: +17.52017 Q2 · Prepared remarks: +10.92017 Q3 · Prepared remarks: +7.02017 Q4 · Prepared remarks: +11.12018 Q1 · Prepared remarks: +16.52018 Q2 · Prepared remarks: +11.22018 Q3 · Prepared remarks: +20.72018 Q4 · Prepared remarks: +17.82019 Q1 · Prepared remarks: +20.42019 Q2 · Prepared remarks: +15.52019 Q3 · Prepared remarks: +7.52019 Q4 · Prepared remarks: +4.12020 Q1 · Prepared remarks: -2.42020 Q2 · Prepared remarks: +7.32020 Q3 · Prepared remarks: +14.42020 Q4 · Prepared remarks: +10.32021 Q1 · Prepared remarks: +15.72021 Q2 · Prepared remarks: +13.12021 Q3 · Prepared remarks: +17.52021 Q4 · Prepared remarks: +21.22022 Q1 · Prepared remarks: +15.72022 Q2 · Prepared remarks: +21.12022 Q3 · Prepared remarks: +20.72022 Q4 · Prepared remarks: +20.72023 Q1 · Prepared remarks: +20.02023 Q2 · Prepared remarks: +18.42023 Q3 · Prepared remarks: +13.12023 Q4 · Prepared remarks: +17.72024 Q1 · Prepared remarks: +51.12024 Q2 · Prepared remarks: +22.92024 Q3 · Prepared remarks: +20.72024 Q4 · Prepared remarks: +18.12025 Q1 · Prepared remarks: +8.52014 Q1 · Q&A responses: +5.02014 Q2 · Q&A responses: +7.92014 Q3 · Q&A responses: +19.02014 Q4 · Q&A responses: +6.52015 Q1 · Q&A responses: +5.62015 Q2 · Q&A responses: +1.92015 Q3 · Q&A responses: +5.62015 Q4 · Q&A responses: -3.02016 Q1 · Q&A responses: +6.72016 Q2 · Q&A responses: +5.92016 Q3 · Q&A responses: +8.42016 Q4 · Q&A responses: +8.82017 Q1 · Q&A responses: +12.02017 Q2 · Q&A responses: +11.82017 Q3 · Q&A responses: +6.92017 Q4 · Q&A responses: +10.02018 Q1 · Q&A responses: +13.12018 Q2 · Q&A responses: +5.82018 Q3 · Q&A responses: +8.62018 Q4 · Q&A responses: +9.52019 Q1 · Q&A responses: +16.02019 Q2 · Q&A responses: +5.92019 Q3 · Q&A responses: +8.72019 Q4 · Q&A responses: +3.62020 Q1 · Q&A responses: -0.72020 Q2 · Q&A responses: +0.22020 Q3 · Q&A responses: +9.12020 Q4 · Q&A responses: +10.72021 Q1 · Q&A responses: +10.62021 Q2 · Q&A responses: +12.62021 Q3 · Q&A responses: +18.22021 Q4 · Q&A responses: +17.52022 Q1 · Q&A responses: +10.82022 Q2 · Q&A responses: +15.02022 Q3 · Q&A responses: +5.02022 Q4 · Q&A responses: +5.42023 Q1 · Q&A responses: +8.82023 Q2 · Q&A responses: +7.82023 Q3 · Q&A responses: +6.32023 Q4 · Q&A responses: +7.22024 Q1 · Q&A responses: +13.42024 Q2 · Q&A responses: +10.92024 Q3 · Q&A responses: +11.32024 Q4 · Q&A responses: +16.4
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$3.26$26.62$49.972014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1: $6.492014 Q2: $7.302014 Q3: $7.882014 Q4: $8.352015 Q1: $8.362015 Q2: $8.732015 Q3: $8.402015 Q4: $8.592016 Q1: $8.032016 Q2: $7.762016 Q3: $8.152016 Q4: $8.602017 Q1: $9.452017 Q2: $10.132017 Q3: $10.552017 Q4: $12.332018 Q1: $15.192018 Q2: $16.182018 Q3: $17.502018 Q4: $19.422019 Q1: $19.602019 Q2: $20.232019 Q3: $20.462019 Q4: $20.092020 Q1: $20.142020 Q2: $13.592020 Q3: $16.102020 Q4: $16.932021 Q1: $19.252021 Q2: $22.422021 Q3: $23.912021 Q4: $25.602022 Q1: $27.692022 Q2: $30.932022 Q3: $33.372022 Q4: $36.572023 Q1: $41.852023 Q2: $41.002023 Q3: $41.912023 Q4: $42.892024 Q1: $44.092024 Q2: $46.032024 Q3: $46.752024 Q4: $46.75

Forward P/E

2.4010.0917.792014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1: 14.292014 Q2: 14.342014 Q3: 14.932014 Q4: 11.882015 Q1: 10.642015 Q2: 10.372015 Q3: 8.612015 Q4: 8.062016 Q1: 7.692016 Q2: 9.002016 Q3: 9.652016 Q4: 12.222017 Q1: 13.372017 Q2: 10.352017 Q3: 12.202017 Q4: 13.292018 Q1: 12.172018 Q2: 10.302018 Q3: 9.652018 Q4: 5.202019 Q1: 6.342019 Q2: 6.242019 Q3: 6.102019 Q4: 8.272020 Q1: 3.462020 Q2: 11.452020 Q3: 11.282020 Q4: 13.732021 Q1: 16.732021 Q2: 13.692021 Q3: 14.282021 Q4: 13.332022 Q1: 12.192022 Q2: 8.602022 Q3: 8.692022 Q4: 10.072023 Q1: 9.412023 Q2: 9.902023 Q3: 10.672023 Q4: 12.362024 Q1: 15.162024 Q2: 14.012024 Q3: 16.542024 Q4: 15.49

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↓ -6.6 fwd EPS ↑ +0.47 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -2.3 fwd EPS ↑ +0.37 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↓ -4.1 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↑ +2.6 fwd EPS ↓ -0.56 Tone rose while the forward EPS estimate was cut.
  • 2017 Q2 tone ↓ -2.7 fwd EPS ↑ +0.68 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -2.9 fwd EPS ↑ +0.42 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q2 tone ↓ -4.6 fwd EPS ↑ +0.99 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -6.4 fwd EPS ↑ +0.63 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -2.6 fwd EPS ↑ +2.09 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -5.8 fwd EPS ↑ +2.44 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-24+7.6——View →
2024 Q42025-01-30+12.3$46.7515.5View →
2024 Q32024-10-24+11.1$46.7516.5View →
2024 Q22024-07-25+8.5$46.0314.0View →
2024 Q12024-04-25+10.3$44.0915.2View →
2023 Q42024-01-25+7.0$42.8912.4View →
2023 Q32023-10-26+6.5$41.9110.7View →
2023 Q22023-07-27+6.9$41.009.9View →