Hertz Global Holdings Q4 2023 Adj EPS $(1.36) Misses $(0.76) Estimate, Sales $2.18B Beat $2.16B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hertz Global Holdings (HTZ) reported Q4 2023 adjusted EPS of $(1.36), missing the $(0.76) estimate, but sales of $2.18B exceeded the $2.16B estimate, marking a 7.32% increase from the previous year.
February 06, 2024 | 12:31 pm
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NEUTRAL IMPACT
Hertz Global Holdings reported a significant miss on adjusted EPS but exceeded sales estimates for Q4 2023, with a year-over-year sales increase of 7.32%.
The miss on EPS could negatively impact investor sentiment due to profitability concerns. However, the beat on sales estimates and the year-over-year growth indicate strong revenue performance, potentially offsetting the negative EPS impact. The mixed results lead to a neutral short-term price direction expectation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100