Analysts estimate that Herc Hldgs will report an earnings per share (EPS) of $4.58.
The market awaits Herc Hldgs's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Overview of Past Earnings
Last quarter the company missed EPS by $0.31, which was followed by a 4.84% drop in the share price the next day.
Here's a look at Herc Hldgs's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
2.91
2.15
3.47
4.15
EPS Actual
2.60
2.36
3.24
4
Price Change %
-5.0%
0.0%
2.0%
-1.0%
Market Performance of Herc Hldgs's Stock
Shares of Herc Hldgs were trading at $172.04 as of October 18. Over the last 52-week period, shares are up 59.77%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Analyst Insights on Herc Hldgs
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Herc Hldgs.
Analysts have given Herc Hldgs a total of 2 ratings, with the consensus rating being Neutral. The average one-year price target is $177.5, indicating a potential 3.17% upside.
Analyzing Analyst Ratings Among Peers
In this analysis, we delve into the analyst ratings ...
