Hertz Global Holdings (NYSE: HTZ ) reported earnings on May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Hertz Global Holdings met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP loss per share dropped.
Margins grew across the board.
Hertz Global Holdings recorded revenue of $1.96 billion. The five analysts polled by S&P Capital IQ predicted a top line of $1.96 billion on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $1.78 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.05. The five earnings estimates compiled by S&P Capital IQ predicted $0.00 per share. GAAP EPS were -$0.13 for Q1 against -$0.32 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 17.3%, 210 basis points better than the prior-year quarter. Operating margin was 7.2%, 230 basis points better than the prior-year quarter. Net margin was -2.9%, 450 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.24 billion. On the bottom line, the average EPS estimate is $0.32.
Next year's average estimate for revenue is $8.96 billion. The average EPS estimate is $1.35.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 172 members out of 252 rating the stock outperform, and 80 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Hertz Global Holdings a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hertz Global Holdings is buy, with an average price target of $20.60.
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