Hertz Global Holdings Earnings: Here’s Why Shares are Down Now

Hertz Global Holdings, Inc. (NYSE:HTZ) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.45%.

Hertz Global Holdings, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 28.57% to $0.45 in the quarter versus EPS of $0.35 in the year-earlier quarter.

Revenue: Rose 22% to $2.71 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Hertz Global Holdings, Inc. reported adjusted EPS income of $0.45 per share. By that measure, the company missed the mean analyst estimate of $0.45. It beat the average revenue estimate of $2.7 billion.

Quoting Management: Michel Taride, Group President of Hertz International, said: “We are very proud to welcome the Jaguar F-TYPE in Europe as the launch car of our new Dream Collection for Europe, a line of high end vehicles providing a premium car rental experience. This addition enhances our partnership with Jaguar Land Rover, a leading car manufacturer that has yet again reinvented the sport cars segment with its F-TYPE. Now our customers can live the dream of high performance motoring and pure driving enjoyment.”

Key Stats (on next page)…

Revenue increased 11.41% from $2.44 billion in the previous quarter. EPS increased 114.29% from $0.21 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.83 to a profit $0.79. For the current year, the average estimate is a profit of $1.9, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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