Exploring Analyst Estimates for Hertz Global (HTZ) Q3 Earnings, Beyond Revenue and EPS

In its upcoming report, Hertz Global Holdings, Inc. (HTZ) is predicted by Wall Street analysts to post quarterly loss of $0.50 per share, reflecting a decline of 171.4% compared to the same period last year. Revenues are forecasted to be $2.72 billion, representing a year-over-year increase of 0.5%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 6.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.Bearing this in mind, let's now explore the average estimates of specific Hertz Global metrics that are commonly monitored and projected by Wall Street analysts.The average prediction of analysts places 'Geographic Revenue- International RAC' at $547.02 million. The estimate points to a change of +3% from the year-ago quarter.The combined assessment of analysts suggests that 'Geographic Revenue- Americas RAC' will likely reach $2.20 billion. The estimate suggests a change of +1.2% year over year.Based on the collective assessment of analysts, 'Americas RAC - Transaction days' should arrive at 34,106.61 Days. Compared to the present estimate, the company reported 34,278 Days in the same quarter last year.According to the collective judgment of analysts, 'Americas RAC - Total RPD' should come in at $63.39. Compared to the present estimate, the company reported $63.33 in the same quarter last year.The consensus among analysts is that 'Americas RAC - Average vehicles' will reach 456,293. Compared to the current estimate, the company reported 467,916 in the same quarter of the previous year.Analysts expect 'International RAC - Depreciation Per Unit Per Month' to come in at $364.25. Compared to the present estimate, the company reported $229 in the same quarter last year.The collective assessment of analysts points to an estimated 'International RAC - Total RPD' of $59.34. The estimate is in contrast to the year-ago figure of $59.09.Analysts predict that the 'International RAC- Average vehicles' will reach 125,174. Compared to the present estimate, the company reported 122,572 in the same quarter last year.It is projected by analysts that the 'Americas RAC - Depreciation Per Unit Per Month' will reach $542.75. The estimate is in contrast to the year-ago figure of $295.Analysts' assessment points toward 'International RAC - Transaction days' reaching 9,191.73 Days. The estimate is in contrast to the year-ago figure of 8,817 Days.View all Key Company Metrics for Hertz Global here>>>Over the past month, shares of Hertz Global have returned -5.2% versus the Zacks S&P 500 composite's +3.2% change. Currently, HTZ carries a Zacks Rank #5 (Strong Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.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