My last trade on URI I was stopped out for a loss of 2.25. I just bought again at 67 flat There is support at 66.45 and the 200 SMA (simple moving average at 66.31.
- Co lowers guidance for FY15, sees FY15 revs of $5.8-5.9 bln vs. $6 bln Capital IQ Consensus Estimate, down from $6.0-6.1 bln
- Courtesy of Briefing.com As you can see they beat their EPS by 11 cents but had a small miss on revenue. The problem seems to be the lower FY15 revenue guidance of 5.8 to 5.9 billion versus consensus of 6.0 to 6.1 billion.
Their trailing EPS of 7.39 gives URI a P/E of 9.06 and a target of 112.35.
Up to this point my trades on URI have been half normal size or less and kept on a tight leash. Now I’m in with several thousand shares. It’s possible URI could go lower but if does I will still be in and looking for a turn pattern.
Down a quarter as I write this,
Downside guidance is never a good thing but this is very minor (3 percent)