Compared to Estimates, Hertz Global (HTZ) Q3 Earnings: A Look at Key Metrics

Hertz Global Holdings, Inc. (HTZ) reported $2.58 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 4.7%. EPS of -$0.68 for the same period compares to $0.70 a year ago.The reported revenue represents a surprise of -5.14% over the Zacks Consensus Estimate of $2.72 billion. With the consensus EPS estimate being -$0.50, the EPS surprise was -36.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Hertz Global performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Americas RAC - Transaction days: 32,693 Days versus 34,106.61 Days estimated by two analysts on average. Americas RAC - Total RPD: $63.20 versus $63.39 estimated by two analysts on average. Americas RAC - Average vehicles: 432,608 versus 456,293 estimated by two analysts on average. International RAC - Depreciation Per Unit Per Month: $324 versus the two-analyst average estimate of $364.25. International RAC - Total RPD: $60.45 compared to the $59.34 average estimate based on two analysts. International RAC- Average vehicles: 117,466 versus 125,174 estimated by two analysts on average. Americas RAC - Depreciation Per Unit Per Month: $592 versus the two-analyst average estimate of $542.75. International RAC - Transaction days: 8,605 Days versus the two-analyst average estimate of 9,191.73 Days. Geographic Revenue- International RAC: $514 million compared to the $547.02 million average estimate based on three analysts. The reported number represents a change of -3.2% year over year. Geographic Revenue- Americas RAC: $2.06 billion compared to the $2.20 billion average estimate based on three analysts. The reported number represents a change of -5.1% year over year. View all Key Company Metrics for Hertz Global here>>>Shares of Hertz Global have returned +11.2% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hertz Global Holdings, Inc. (HTZ): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks