[00:00:04] Doug McIntyre: Hertz made an interesting decision two or three years ago that they were going to buy several tens of thousands of Teslas on the theory that Americans would adopt EVs fast.
Hertz's financial struggles stem from a poorly timed investment in electric vehicles, leading to significant losses, mounting debt, and a steep stock decline. Q4 2024 results were disappointing, with revenue down 7% year-over-year and a non-GAAP loss of $1.18 per share, both missing estimates for the third consecutive quarter. The balance sheet is very weak, with rising debt and insufficient cash flow, exacerbated by higher interest expenses and a large amount of debt maturing soon.
Get a deeper insight into the potential performance of Hertz Global (HTZ) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Hertz Global (HTZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hertz has been contacting people who are in the middle of renting electric vehicles recently to offer them the option to buy the car instead of returning it, reports The Verge. And the offers are pretty sweet, according to some renters who shared the offers on Reddit.
ESTERO, Fla. , Dec. 5, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz" or the "Company"), a leading global rental car company, today announced that its wholly-owned indirect subsidiary, The Hertz Corporation ("Hertz Corp."), has priced $500 million in aggregate principal amount of additional 12.625% First Lien Senior Secured Notes due 2029 (the "Notes") in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").
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.