Hertz Global Holdings
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Hertz Global Holdings missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly.
Margins grew across the board.
Hertz Global Holdings logged revenue of $2.52 billion. The five analysts polled by S&P Capital IQ foresaw revenue of $2.59 billion on the same basis. GAAP reported sales were 3.5% higher than the prior-year quarter's $2.43 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 $0.63. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.61 per share. GAAP EPS of $0.55 for Q3 were 17% higher than the prior-year quarter's $0.47 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.3%, 210 basis points better than the prior-year quarter. Operating margin was 20.5%, 140 basis points better than the prior-year quarter. Net margin was 9.7%, 120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.14 billion. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $8.90 billion. The average EPS estimate is $1.32.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 183 members out of 260 rating the stock outperform, and 77 members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Hertz Global Holdings a green thumbs-up, and 13 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 $20.40.
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