Hertz Global Holdings Q2 EPS $0.72 Beats $0.64 Estimate, Sales $2.44B Miss $2.45B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hertz Global Holdings reported Q2 earnings of $0.72 per share, beating the analyst consensus estimate of $0.64 by 12.5%. However, this is a 40.98% decrease from the same period last year. The company's quarterly sales of $2.44 billion missed the analyst consensus estimate of $2.45 billion by 0.53%, but it's a 3.97% increase from the same period last year.
July 27, 2023 | 11:33 am
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Hertz's Q2 earnings beat estimates but are down from last year. Sales missed estimates but are up YoY.
While Hertz beat earnings estimates, the YoY decrease could concern investors. The missed sales estimate might also negatively impact the stock, but the YoY increase could offset this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100