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 17 quarterly earnings reports

Historical avg

+1.7%

Avg return

Earnings day

+2.5%

Avg return

5 days after

-2.8%

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
Q1 2026-1.9%-4.4%
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
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro