Herc Hldgs Q3 2024 Adj EPS $4.35 Misses $4.48 Estimate, Sales $965.00M Beat $931.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
Herc Holdings reported Q3 2024 earnings per share of $4.35, missing the consensus estimate of $4.48, but showed an 8.75% increase from last year. Sales were $965 million, beating the estimate of $931.31 million and marking a 6.28% increase from the previous year.
October 22, 2024 | 10:31 am
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Herc Holdings' Q3 2024 earnings per share missed estimates at $4.35, but sales exceeded expectations at $965 million. EPS increased by 8.75% year-over-year, while sales rose by 6.28%.
The mixed earnings report, with EPS missing but sales beating estimates, suggests a neutral short-term impact on HRI's stock price. The increase in both EPS and sales year-over-year is positive, but the EPS miss may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100