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Stock impact report

5 Construction Stocks Likely to Beat Q1 Earnings Estimates [Yahoo! Finance]

United Rentals, Inc. (URI) 
Last united rentals, inc. earnings: 4/29 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Outlays on new single-family construction projects have been neutralizing the dearth of non-residential infrastructure projects over the past few months. Factors Shaping Quarterly Performance The distinct trends across residential and non-residential markets are likely to shape the Zacks Construction sector's performance in the first quarter of 2024. However, the housing industry is struggling with rising mortgage rates that are deterring potential buyers. Since the beginning of 2024, mortgage rates have relentlessly held between 6.6% and 7%. This apart, weather-related impacts and elevated labor costs may hamper overall performance. Nonetheless, limited availability of existing homes, encouraging repair and remodeling activities, and cost management efforts are likely to have contributed to growth. Conversely, for the non-residential industry players, strong global trends in infrastructure modernization, energy transition, national security, and potential supply-chain investm Show less Read more
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