Profile
Sector:
IndustrialsIndustry:
Rental & Leasing ServicesCountry:
United StatesIPO:
01 July 2021Website:
http://www.hertz.comNext earnings report:
06 February 2025Last dividends:
N/ANext dividends:
N/APrice
regular market | 6 min agoDividend
Analysts recommendations
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HTZ Latest News
Hertz Global Holdings, Inc. (NASDAQ:HTZ ) Q3 2024 Earnings Conference Call November 12, 2024 9:00 AM ET Company Participants Johann Rawlinson - VP, Investor Relations Wayne West - CEO & Director Sandeep Dube - EVP & Chief Commercial Officer Scott Haralson - EVP & CFO Conference Call Participants Chris Woronka - Deutsche Bank Ian Zaffino - Oppenheimer John Healy - Northcoast Research John Babcock - Bank of America Merrill Lynch Ryan Brinkman - JPMorgan Lizzie Dove - Goldman Sachs Dan Levy - Barclays Christopher Stathoulopoulos - Susquehanna Operator Welcome to Hertz Global Holdings Third Quarter 2024 Earnings Call. [Operator Instructions] I would like to remind you that this morning's call is being recorded by the company.
Hertz Global Holdings (HTZ) reported a wider-than-expected third-quarter loss Tuesday, dinged by a non-cash asset impairment charge of $1 billion.
While the top- and bottom-line numbers for Hertz Global (HTZ) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Hertz Global Holdings, Inc. (HTZ) came out with a quarterly loss of $0.68 per share versus the Zacks Consensus Estimate of a loss of $0.50. This compares to earnings of $0.70 per share a year ago.
Hertz Global reported a wider-than-expected third-quarter loss and missed revenue estimates on Tuesday, hurt by depreciation charges from its fleet vehicles, sending shares of the rental car firm down more than 8% in premarket trading.
"In the third quarter, we continued executing on our efforts to implement our transformation, focusing on our back-to-basics strategy to deliver sustainable, long-term returns for shareholders," said Gil West, Hertz CEO. "Our team's commitment to both our customers and our strategic objectives were evident throughout the summer.
Car rental company Hertz Global (NYSE:HTZ) has penned its biggest quarterly loss of the year after running up a billion-dollar non-cash impairment charge related to its fleet of Tesla Inc (NASDAQ:TSLA) electric vehicles. “The size of the impairment charge was largely due to the decline in fleet residual values over the last year or so,” said Hertz.
Besides Wall Street's top -and-bottom-line estimates for Hertz Global (HTZ), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
ESTERO, Fla. , Oct. 21, 2024 /PRNewswire/ -- What: Today, Hertz (NASDAQ: HTZ) announced that it is helping citizens in communities across the nation get to the polls with its Free Day on Election Day promotion.
Teamsters has reached a tentative agreement with car-rental firm Hertz Global , averting a potential strike, the labor union said on Monday.
What type of business is Hertz Global Holdings?
Hertz Global Holdings, Inc. operates as a vehicle rental company. The company operates through two segments, Americas Rental Car and International Rental Car. It offers vehicle rental services under the Hertz, Dollar, and Thrifty brands from company-operated, licensee, and franchisee locations in the United States, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East, and New Zealand. The company sells vehicles and value-added services. Hertz Global Holdings, Inc. was founded in 1918 and is headquartered in Estero, Florida.
What sector is Hertz Global Holdings in?
Hertz Global Holdings is in the Industrials sector
What industry is Hertz Global Holdings in?
Hertz Global Holdings is in the Rental & Leasing Services industry
What country is Hertz Global Holdings from?
Hertz Global Holdings is headquartered in United States
When did Hertz Global Holdings go public?
Hertz Global Holdings initial public offering (IPO) was on 01 July 2021
What is Hertz Global Holdings website?
https://www.hertz.com
Is Hertz Global Holdings in the S&P 500?
No, Hertz Global Holdings is not included in the S&P 500 index
Is Hertz Global Holdings in the NASDAQ 100?
No, Hertz Global Holdings is not included in the NASDAQ 100 index
Is Hertz Global Holdings in the Dow Jones?
No, Hertz Global Holdings is not included in the Dow Jones index
When was Hertz Global Holdings the previous earnings report?
No data
When does Hertz Global Holdings earnings report?
The next expected earnings date for Hertz Global Holdings is 06 February 2025