Hertz Global Holdings Q2 2024 Adj EPS $(1.44) Misses $(0.90) Estimate, Sales $2.40B Miss $2.46B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hertz Global Holdings (NASDAQ:HTZ) reported Q2 2024 adjusted EPS of $(1.44), missing the $(0.90) estimate by 60%. Sales were $2.40B, missing the $2.46B estimate by 2.49% and down 1.52% from last year.
August 01, 2024 | 12:01 pm
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NEGATIVE IMPACT
Hertz Global Holdings reported disappointing Q2 2024 results with EPS of $(1.44) missing estimates by 60% and sales of $2.40B missing estimates by 2.49%. Sales also decreased by 1.52% compared to the same period last year.
The significant miss on both EPS and sales estimates, along with a year-over-year decline in sales, is likely to negatively impact HTZ's stock price in the short term. Investors may react unfavorably to the larger-than-expected losses and declining revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100