Earnings Outlook For Hertz Global Holdings
Portfolio Pulse from Benzinga Insights
Hertz Global Holdings (NASDAQ:HTZ) is scheduled to release its quarterly earnings report on February 6, 2024, with an estimated EPS of $-0.27. Analysts and investors will be closely watching if HTZ can outperform this estimate and provide positive guidance for the next quarter. Historical data shows a mixed reaction to past earnings reports, with the stock price fluctuating based on actual EPS outcomes and guidance. Currently, HTZ shares are trading at $8.7, reflecting a 55.26% decline over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
February 05, 2024 | 2:02 pm
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Hertz Global Holdings is anticipated to report a quarterly EPS of $-0.27 on February 6, 2024. Historical performance shows sensitivity to earnings outcomes and guidance, with a significant 55.26% decline over the past year.
The short-term impact on HTZ's stock price will likely hinge on whether it can surpass the EPS estimate and provide optimistic future guidance. Given the stock's sensitivity to past earnings reports and the current bearish sentiment, the immediate reaction could be mixed. The 55.26% decline over the past year suggests that investor confidence may be low, making the guidance provided in the upcoming earnings call particularly crucial.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100