NYSE$HTZ

Hertz Global Holdings Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Hertz Global's Q1 2020 financial results were significantly impacted by the COVID-19 pandemic.

Hertz Global Holdings reported a consolidated revenue of $1.9 billion and a net loss of $356 million for Q1 2020, heavily impacted by the COVID-19 pandemic which caused global travel demand to plummet. The company focused on employee and customer safety, expense mitigation, and preserving liquidity, implementing stringent cost-saving measures and adjusting operations to reflect market realities.

  • Financial results were significantly impacted by the COVID-19 pandemic.
  • Consolidated revenue reached $1.9 billion, with U.S. RAC revenue at $1.4 billion.
  • Hertz Global experienced a net loss of $356 million, with an Adjusted Corporate EBITDA of negative $243 million.
  • The company maintained approximately $1.0 billion of unrestricted cash and cash equivalents as of March 31, 2020.

Headline financials

Total Revenue

$1.92B

Previous: $2.11B-8.7%
EPS (adj)

-$1.78

Previous: -$0.99-79.8%
Vehicle utilization

67.0%

No prior period
Total RPD

$42.66

No prior period
Total RPU per month

$862.00

No prior period
Depreciation per unit

$277.00

No prior period
Capital Expenditures

-$59M

Previous: -$54M-9.3%
Free Cash Flow

-$415M

Previous: -$201M-106.5%
Net Income

-$356M

Previous: -$147M-142.2%
Operating Income

$427M

Previous: $549M-22.2%
Gross Profit

$682M

Previous: $841M-18.9%
Cash & Equivalents

$1.02B

Previous: $554M+83.6%
Total Assets

$25.8B

Previous: $24B+7.5%

Revenue & EPS history

Hertz · Revenue · Quarterly

$1.92B

Q1 2020-8.7%vs Q1 2019
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

Due to the unpredictability of the duration and magnitude of the COVID-19 market disruption, the Company is unable to reasonably estimate the ultimate impact to the business.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

+1.7%

Avg return

Earnings day

+2.5%

Avg return

5 days after

-3.5%

Avg return

30 days after

53%

10 / 19 earnings

Positive

+36.2%

Q3 2025

Best reaction

-23.8%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026-1.6%-4.1%-17.4%
Q4 2025+1.8%-1.8%+4.1%
Q3 2025+36.2%+33.2%+4.0%
Q1 2025-17.2%-4.0%-12.2%
Q4 2024-8.5%+5.4%-10.4%
Q3 2024+12.5%+20.2%+27.0%
Q2 2024-9.3%-11.0%-25.5%
Q1 2024-23.8%-21.6%-17.6%
Q4 2023+6.7%+2.8%-8.6%
Q3 2023-14.8%-16.7%-15.1%
Q2 2023-11.1%-8.2%-5.9%
Q1 2023+10.1%+7.0%+4.6%
Q4 2022+7.5%+3.6%+4.5%
Q3 2022-1.0%-5.3%-9.9%
Q2 2022+23.0%+18.2%+9.1%
Q1 2022-4.7%-11.0%-12.6%
Q4 2021+10.0%+13.1%+26.1%
Q3 2021+14.8%+29.8%-11.6%
Q2 2021+2.4%-2.7%+0.4%
Q1 2021———
Q4 2020———
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Q4 2010———
Q3 2010———
Q2 2010———
Q1 2010———

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