Hertz Global Holdings Inc reports results for the quarter ended September 30 - Earnings Summary

• Hertz Global Holdings Inc HTZ.OQ reported a quarterly adjusted loss of 68 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 70 cents. The mean expectation of ten analysts for the quarter was for a loss of 50 cents per share. Wall Street expected results to range from -90 cents to -23 cents per share.

• Revenue fell 4.7% to $2.58 billion from a year ago; analysts expected $2.70 billion.

• Hertz Global Holdings Inc's reported EPS for the quarter was a loss of $4.34​.

• The company reported a quarterly loss of $1.33 billion.

• Hertz Global Holdings Inc shares had risen by 2.1% this quarter and lost 67.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 6 "hold" and 4 "sell" or "strong sell."

• The average consensus recommendation for the passenger transportation, ground & sea peer group is also "hold"

Wall Street's median 12-month price target for Hertz Global Holdings Inc is 3.20

This summary was machine generated from LSEG data November 12 at 03:28 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)