Herc Hldgs Q3 EPS $4.00 Misses $4.15 Estimate, Sales $908.00M Beat $896.77M Estimate
Portfolio Pulse from Happy Mohamed
Herc Hldgs (NYSE:HRI) reported Q3 earnings of $4.00 per share, missing the analyst consensus estimate of $4.15 by 3.61%. However, the company's quarterly sales of $908.00 million beat the analyst consensus estimate of $896.77 million by 1.25%. This represents a 16.96% increase in earnings and a 21.86% increase in sales compared to the same period last year.
October 23, 2023 | 8:02 pm
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Herc Hldgs reported lower than expected Q3 earnings but higher than expected sales. This mixed result could lead to uncertainty in the market.
Herc Hldgs' Q3 earnings missed analyst estimates, which could negatively impact the stock. However, the company's sales beat estimates, which could have a positive effect. The mixed results could lead to uncertainty in the market, potentially impacting the stock price.
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