NYSE$HTZ

Hertz Global Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Hertz reported a strong first quarter with increased revenue and net income, driven by a rebound in travel demand and cost discipline.

Hertz Global Holdings reported a strong first quarter in 2022, with total revenues of $1.8 billion, a 57% increase compared to the first quarter of 2021 excluding Donlen. The company's GAAP net income was $426 million, or $0.82 per diluted share, and adjusted Corporate EBITDA was $614 million. The results reflect a sharp rebound in travel, high volumes, sustained pricing, and cost discipline.

  • Total revenues reached $1.8 billion, up 57% year-over-year excluding Donlen.
  • GAAP net income was $426 million, or $0.82 per diluted share.
  • Adjusted Corporate EBITDA was $614 million with a margin of 34%.
  • The company repurchased 38 million common shares between January 1 and April 21, 2022.

Headline financials

Total Revenue

$1.81B

Previous: $1.29B+40.4%
EPS (adj)

$0.87

Previous: $1.22-28.7%
Vehicle utilization

75.0%

Previous: 76.0%-1.3%
Total RPD

$59.17

Previous: $46.36+27.6%
Total RPU per month

$1.33K

Previous: $1.05K+25.9%
Depreciation per unit

-$40.00

Previous: $219.00-118.3%
Capital Expenditures

-$30M

Previous: -$9M-233.3%
Free Cash Flow

$396M

Previous: $181M+118.8%
Net Income

$426M

Previous: $190M+124.2%
Operating Income

$476M

Previous: $308M+54.5%
Gross Profit

$757M

Previous: $462M+63.9%
Cash & Equivalents

$1.52B

Previous: $1.09B+39.9%
Total Assets

$20.9B

Previous: $16.6B+26.1%

Revenue & EPS history

Hertz · Revenue · Quarterly

$1.81B

Q1 2022+40.4%vs Q1 2021
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Forward guidance

Cautionary note regarding forward-looking statements

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+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
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
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