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

• Hertz Global Holdings Inc HTZ.OQ reported a quarterly adjusted loss of 34 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-1.44. The mean expectation of ten analysts for the quarter was for a loss of 40 cents per share. Wall Street expected results to range from -49 cents to -34 cents per share.

• Revenue fell 7.1% to $2.19 billion from a year ago; analysts expected $2.17 billion.

• Hertz Global Holdings Inc's reported EPS for the quarter was a loss of 95 cents​.

• The company reported a quarterly loss of $294 million.

• Hertz Global Holdings Inc shares had fallen by 18.4% this quarter and gained 52.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.6% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

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 "buy."

• Wall Street's median 12-month price target for Hertz Global Holdings Inc is $4.10, about 35.9% below its last closing price of $5.57

This summary was machine generated from LSEG data August 7 at 05:29 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)