Hertz Global Holdings, Inc. (HTZ)
Hertz Results Hit by $1B Impairment Charge
Hertz Global Holdings (HTZ) reported a wider-than-expected third-quarter loss Tuesday, dinged by a non-cash asset impairment charge of $1 billion.
Hertz cops billion-dollar charge after EV expansion falls flat
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.
Hertz booked a $1 billion charge as the value of its cars dropped
Hertz's stock slips, but bounces sharply off earlier lows, as $1 billion write-off of car values reflects acceleration of fleet rotation.
Compared to Estimates, Hertz Global (HTZ) Q3 Earnings: A Look at Key Metrics
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) Reports Q3 Loss, Misses Revenue Estimates
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 posts weaker-than-expected quarterly results, shares fall
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.
Exploring Analyst Estimates for Hertz Global (HTZ) Q3 Earnings, Beyond Revenue and EPS
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.
Analysts Estimate Hertz Global Holdings, Inc. (HTZ) to Report a Decline in Earnings: What to Look Out for
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.
Teamsters inks tentative agreement with Hertz, averting strike
Teamsters has reached a tentative agreement with car-rental firm Hertz Global , averting a potential strike, the labor union said on Monday.
Hertz boosts board size to 11 with two new members
Car rental company Hertz said on Tuesday it had elected Francis Blake and Lucy Clark Dougherty to serve as directors on its board, increasing the size to 11 members from nine.
Hertz Global Holdings, Inc. (HTZ) Q2 2024 Earnings Call Transcript
Hertz Global Holdings, Inc. (NASDAQ:HTZ ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Johann Rawlinson - VP, IR Gil West - Chair and CEO Scott Haralson - CFO Sandeep Dube - CCO Darren Arrington - EVP, Revenue Management and Fleet Acquisition Conference Call Participants Chris Woronka - Deutsche Bank John Healy - Northcoast Research John Babcock - Bank of America Stephanie Moore - Jefferies Ian Zaffino - Oppenheimer Christopher Stathoulopoulos - SIG Operator Welcome to the Hertz Global Holdings Second 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 (HTZ) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Hertz Global (HTZ) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
