Hertz Q3 revenue beats expectations, returns to profitability

Hertz Global Holdings

04/11/2025 13:06

Overview

Hertz Q3 revenue of $2.5 bln beats analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting strong operational execution

Company reports $184 mln net income, first positive result in two years

Result Drivers

FLEET REFRESH - Completion of transformative fleet refresh improved vehicle lifecycle standards and fleet economics

HIGH UTILIZATION - Utilization reached highest level since 2018 due to improved vehicle servicing processes

CUSTOMER EXPERIENCE - Nearly 50% increase in Net Promoter Score reflects focus on rental ease and vehicle quality

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$2.47 bln
$2.39 bln (9 Analysts)
Q3 Adjusted EPS
Beat
$0.12
$0.02 (7 Analysts)
Q3 EPS
$0.42
Q3 Adjusted Net Income
Miss
$43 mln
$45.70 mln (4 Analysts)
Q3 Net Income
$184 mln
Q3 Adjusted EBITDA Margin
8%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the passenger transportation, ground & sea peer group is "buy."

Wall Street's median 12-month price target for Hertz Global Holdings Inc is $3.10, about 59.4% below its November 3 closing price of $4.94

Press Release: ID:nBw7hgQtPa

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(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.)