Herc Hldgs Q2 Adj $2.60 Misses $2.91 Estimate, Sales $848.00M Beat $832.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Herc Holdings (NYSE:HRI) reported Q2 earnings of $2.60 per share, missing the analyst estimate of $2.91 by 10.65%. However, sales were $848 million, beating the estimate of $832.02 million and showing a 5.74% increase from last year.
July 23, 2024 | 10:33 am
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Herc Holdings reported Q2 earnings of $2.60 per share, missing the analyst estimate of $2.91 by 10.65%. However, sales were $848 million, beating the estimate of $832.02 million and showing a 5.74% increase from last year.
The mixed results, with earnings missing but sales beating estimates, create a neutral short-term impact. Investors may be concerned about the earnings miss but reassured by the sales growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100