Hertz Global Holdings (NYSE: HTZ) is expected to report Q2 earnings on July 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Hertz Global Holdings' revenues will expand 7.9% and EPS will expand 23.1%.
The average estimate for revenue is $2.24 billion. On the bottom line, the average EPS estimate is $0.32.
Revenue details
Last quarter, Hertz Global Holdings booked revenue of $1.96 billion. 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 details
Last quarter, non-GAAP EPS came in at $0.05. GAAP EPS were -$0.13 for Q1 versus -$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.
Recent performance
For the preceding quarter, gross margin was 18.5%, 180 basis points better than the prior-year quarter. Operating margin was 6.8%, 160 basis points better than the prior-year quarter. Net margin was -2.9%, 460 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $8.95 billion. The average EPS estimate is $1.34.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 180 members out of 261 rating the stock outperform, and 81 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Hertz Global Holdings a green thumbs-up, and 16 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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