Hertz Global Holdings Q1 Adj EPS $(1.28) Misses $(0.44) Estimate, Sales $2.08B Beat $2.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hertz Global Holdings (HTZ) reported a Q1 adjusted EPS of $(1.28), missing the $(0.44) estimate by 190.91%, and a 428.21% decrease from last year's earnings. However, their quarterly sales of $2.08B exceeded the $2.04B estimate by 1.96%, marking a 1.61% increase from the previous year.
April 25, 2024 | 11:31 am
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NEUTRAL IMPACT
Hertz Global Holdings reported a significant miss in Q1 EPS but exceeded sales estimates, indicating mixed financial health.
The substantial miss in EPS could concern investors about profitability and operational efficiency, potentially putting downward pressure on HTZ's stock price. However, the beat on sales estimates and year-over-year sales growth might offset some negative sentiment by showing resilience in revenue generation. The mixed financial results make the short-term stock price direction uncertain, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100