Herc Hldgs Q2 Adj. EPS $2.69 Misses $3.13 Estimate, Sales $802.00M Miss $814.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Herc Hldgs (NYSE:HRI) reported Q2 adjusted earnings of $2.69 per share, missing the analyst consensus estimate of $3.13 by 14.06%. The company also reported quarterly sales of $802.00 million, missing the analyst consensus estimate of $814.65 million by 1.55%. However, this represents a 25.23% increase over sales from the same period last year.
July 25, 2023 | 10:33 am
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NEGATIVE IMPACT
Herc Hldgs' Q2 earnings and sales missed analyst estimates. This could potentially lead to a short-term negative impact on the stock.
Herc Hldgs' Q2 earnings and sales fell short of analyst estimates, which could lead to a decrease in investor confidence and a potential short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100