
How Will Hertz (HTZ) Stock React to Earnings Miss?
NEW YORK (TheStreet) -- Hertz Global Holdings (HTZ) - Get Report released its 2015 third quarter earnings results before the market open today.
The car rental company posted adjusted earnings of 49 cents per share, up 11% from 44 cents per share for the year ago period.
Revenue declined year over year by 5% to $2.98 billion, down from $3.12 billion for the 2014 third quarter.
Analysts surveyed by Thomson Reuters had forecast for earnings of 52 cents per share on revenue of $3.07 billion for the most recent quarter.
"Our profit improvement in the third quarter is early evidence of the potential we see in our performance improvement plan," CEO John Tague said in a statement.
Shares of the company are flat in pre-market trading on Monday morning.
Separately, TheStreet Ratings team rates HERTZ GLOBAL HOLDINGS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
We rate HERTZ GLOBAL HOLDINGS INC (HTZ) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.
You can view the full analysis from the report here: HTZ
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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.









