Herc Holdings Inc HRI.N reported quarterly adjusted earnings of $1.87 per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.60. The mean expectation of eight analysts for the quarter was for earnings of $1.53 per share. Wall Street expected results to range from $1.29 to $1.82 per share.
Revenue rose 18.2% to $1.00 billion from a year ago; analysts expected $981.37 million.
Herc Holdings Inc's reported EPS for the quarter was a loss of $1.17.
The company reported a quarterly loss of $35 million.
Herc Holdings Inc shares had risen by 13.8% this quarter and lost 20.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 41.5% 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 $170.00, about 11.8% above its last closing price of $149.88
This summary was machine generated from LSEG data July 29 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)