A Look Ahead: Herc Hldgs's Earnings Forecast

Herc Hldgs (NYSE:HRI) is set to give its latest quarterly earnings report on Tuesday, 2024-10-22. Here's what investors need to know before the announcement.

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 ...