Herc Holdings beats Q2 revenue estimates, lifts 2026 outlook

Herc Holdings

28/07/2026 11:42

Overview
Equipment rental supplier's Q2 revenue rose 20%, beating analyst expectations
Adjusted EPS for Q2 more than doubled and beat analyst expectations
Company raised 2026 full-year guidance for equipment rental revenue and adjusted EBITDA

Outlook
Herc Holdings raises 2026 equipment rental revenue guidance to $4.375 bln-$4.475 bln
Company lifts 2026 adjusted EBITDA forecast to $2.05 bln-$2.125 bln
Herc Holdings expects to gain share from higher construction spending and recent acquisitions

Result Drivers
H&E ACQUISITION - Co said revenue growth was driven by the larger fleet size and capacity following the H&E acquisition
MEGA PROJECTS & SPECIALTY RENTALS - Increased volume on mega projects and a higher mix of specialty equipment rentals contributed to growth
FLEET EFFICIENCY - Improved fleet efficiency and a favorable shift in rental mix supported higher dollar utilization

Company press release: ID:nBwvSdMna

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.20 bln
$1.13 bln (7 Analysts)
Q2 Adjusted EPS
Beat
$1.43
$0.73 (8 Analysts)
Q2 Adjusted Net Income
 
$48 mln
 
Q2 Net Income
 
$19 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Herc Holdings Inc is $175.00, about 9.4% above its July 27 closing price of $160.00
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 13 three months ago

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July 27 - France's Rexel H1 sales rise, EBITA margin improves on volume and price gains

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)