Herc Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Herc Holdings

22/10/2024 14:39

* Herc Holdings Inc  HRI.N  reported quarterly adjusted
earnings
of $4.35​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $4.00.  The mean expectation of nine analysts for the quarter
was for earnings of $4.48 per share. Wall Street expected
results to range from $4.09  to $4.87 per share.
    * Revenue rose 6.3% to $965.00 million from a year ago;
analysts
expected $931.31 million. 
    * Herc Holdings Inc's reported EPS for the quarter was
$4.28​.
    * The company reported quarterly net income of $122 million.
    * Herc Holdings Inc shares had risen by 6.0% this
quarter and
gained 13.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"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 $179.00 
This summary was machine generated from LSEG data October 22 at
01:39 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
 Sep. 30 2024      4.48           4.35           Missed
 Jun. 30 2024      2.91           2.60           Missed
 Mar. 31 2024      2.15                          
 Dec. 31 2023      3.47