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Update: Sunbelt Rentals Shares Rise After Fiscal Q1 Beat, Higher Fiscal 2027 Revenue Growth Outlook

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(Updates with latest stock price movement in headline and first paragraph.)

Sunbelt Rentals (SUNB) shares rose more than 8% in early Wednesday trading after the company reported fiscal Q1 results that beat expectations and raised its fiscal 2027 revenue growth outlook.

The company reported fiscal Q1 adjusted earnings of $1.18 per share, up from $0.98 a year earlier.

An analyst polled by FactSet expected $1.05.

Revenue for the fiscal quarter ended July 31 was $3.12 billion, up from $2.80 billion a year earlier.

Analysts polled by FactSet expected $3.0 billion.

For fiscal 2027, the equipment rental company raised its revenue growth outlook to 6% to 9%, compared with its prior outlook of 4.5% to 7.5%.

Price: $75.51, Change: $+6.19, Percent Change: +8.92%

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