Herc Holdings Inc reports results for the quarter ended in March - Earnings Summary

Herc Holdings

23/04/2024 14:31

* Herc Holdings Inc  HRI.N  reported quarterly adjusted
earnings
of $2.36​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$2.35.  The mean expectation of eight analysts for the quarter
was for earnings of $2.15 per share. Wall Street expected
results to range from $1.82  to $2.70 per share.
    * Revenue rose 8.6% to $804.00 million from a year ago;
analysts
expected $782.85 million. 
    * Herc Holdings Inc's reported EPS for the quarter was
$2.29​.
    * The company reported quarterly net income of $65 million.
    * Herc Holdings Inc shares had fallen by 11.8% this
quarter and
lost 0.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Herc Holdings Inc
is $178.00 
This summary was machine generated from LSEG data April 23 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      2.15           2.36           Beat
 Dec. 31 2023      3.47           3.24           Missed
 Sep. 30 2023      4.15           4.00           Missed
 Jun. 30 2023      3.13           2.69           Missed