Equipment rental company United Rentals (NYSE: URI) will be reporting earnings this Wednesday after market close. Here’s what to expect.

United Rentals beat analysts’ revenue expectations last quarter, reporting revenues of $3.99 billion, up 7.2% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates.

Is United Rentals a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting United Rentals’s revenue to grow 6.6% year on year, improving from the 4.5% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. United Rentals has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at United Rentals’s peers in the industrial distributors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. MSC Industrial delivered year-on-year revenue growth of 7.8%, beating analysts’ expectations by 1.3%, and Fastenal reported revenues up 14.7%, topping estimates by 1.9%. MSC Industrial traded up 3.2% following the results while Fastenal was down 3.6%.

Read our full analysis of MSC Industrial’s results here and Fastenal’s results here.

Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the industrial distributors stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4% on average over the last month. United Rentals is down 7.1% during the same time and is heading into earnings with an average analyst price target of $1,164 (compared to the current share price of $1,016).

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