A Look Ahead: Herc Hldgs's Earnings Forecast
Portfolio Pulse from Benzinga Insights
Herc Holdings (NYSE:HRI) is set to release its quarterly earnings on October 22, 2024, with analysts estimating an EPS of $4.58. The market is optimistic about the company surpassing estimates and providing positive guidance. Previously, missing EPS estimates led to a 4.84% drop in share price. Currently, the stock is trading at $172.04, with a 52-week increase of 59.77%. Analysts have given a Neutral rating with a price target of $177.5, indicating a 3.17% upside.
October 21, 2024 | 4:01 pm
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Herc Holdings is expected to announce its quarterly earnings with an estimated EPS of $4.58. The market is hopeful for a positive surprise and guidance, which could drive the stock price. Previously, missing EPS estimates led to a significant drop in share price.
The upcoming earnings report is crucial for Herc Holdings as it could influence short-term stock price movements. The market's anticipation of a positive surprise and guidance suggests potential upward movement if expectations are met or exceeded. The previous quarter's miss and subsequent stock drop highlight the sensitivity of the stock to earnings results.
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