HERTZ REPORTS FIRST QUARTER 2024 RESULTS
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April 29, 2024 7:07 AM EDT
Deutsche Bank analyst Chris Woronka lowered the price target on Hertz Global (NASDAQ: HTZ) to $4.80 (from $6.00) while maintaining a Hold rating.
The analyst comments "We thought new CEO Gil West said a lot of the right things during last week's 1Q24 earnings call. But the devil is always in the details, and the hard part--execution--still lies ahead. One of our key musings is that at least a few of HTZ's turnaround initiatives may be difficult to achieve without at... More
April 25, 2024 7:56 AM EDT
Hertz Global (NASDAQ: HTZ) reported a challenging first quarter of 2024, with financial results falling short of analyst expectations, leading to a 1.7% decline in its stock price. The car rental giant posted an adjusted net loss of $392 million, or -$1.28 per diluted share, which was significantly below the analyst estimate of -$0.45 per share. Despite a 2% increase in revenue to $2.1 billion, surpassing the consensus estimate of $2.04 billion, the company's earnings were heavily impacted by increased vehicle... More
April 25, 2024 7:31 AM EDT
Hertz Global (NASDAQ: HTZ) reported Q1 EPS of ($1.28), $0.83 worse than the analyst estimate of ($0.45). Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.04 billion.
Corporate liquidity of $1.3 billion at March 31, 2024
For earnings history and earnings-related data on Hertz Global (HTZ) click here.
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