Hertz Global Holdings, Inc. (HTZ) Reports Q4 Loss, Lags Revenue Estimates

Core Insights - Hertz Global Holdings, Inc. reported a quarterly loss of $1.18 per share, which was worse than the Zacks Consensus Estimate of a loss of$0.72, representing an earnings surprise of -63.89% [1] - The company generated revenues of $2.04 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 3.72$2.18 billion a year ago [2] - Hertz Global shares have increased by approximately 16.4% since the beginning of the year, outperforming the S&P 500's gain of 2.9% [3] Company Performance - Over the last four quarters, Hertz Global has not surpassed consensus EPS estimates and has topped revenue estimates only once [2] - The current consensus EPS estimate for the upcoming quarter is -$0.65 on revenues of$2.07 billion, and for the current fiscal year, it is -$0.90 on revenues of$9.33 billion [7] - The estimate revisions trend for Hertz Global is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Transportation - Services industry, to which Hertz Global belongs, is currently ranked in the bottom 18% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]