NYSE$HTZ

Hertz Global Holdings Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Hertz reported strong results driven by growth in demand and sustained pricing. Investments in technology and electrification improved operations and expanded rideshare reach.

Hertz Global Holdings, Inc. reported first quarter 2023 results with total revenues of $2.0 billion and GAAP net income of $196 million, or $0.61 per diluted share. Adjusted Corporate EBITDA was $237 million, representing a 12% margin.

  • Total revenues reached $2.0 billion.
  • GAAP net income was $196 million, or $0.61 per diluted share.
  • Adjusted Net Income was $126 million, or $0.39 per adjusted diluted share.
  • Adjusted Corporate EBITDA was $237 million, a 12% margin.

Headline financials

Total Revenue

$2.05B

Previous: $1.81B+13.1%
EPS (adj)

$0.39

Previous: $0.87-55.2%
Vehicle utilization

77.0%

Previous: 75.0%+2.7%
Total RPD

$60.48

Previous: $59.17+2.2%
Total RPU per month

$1.41K

Previous: $1.33K+6.3%
Depreciation per unit

$252.00

Previous: -$40.00+730.0%
Capital Expenditures

-$45M

Previous: -$30M-50.0%
Free Cash Flow

$151M

Previous: $396M-61.9%
Net Income

$196M

Previous: $426M-54.0%
Operating Income

$397M

Previous: $476M-16.6%
Gross Profit

$445M

Previous: $757M-41.2%
Cash & Equivalents

$728M

Previous: $1.52B-52.1%
Total Assets

$23.7B

Previous: $20.9B+13.4%

Revenue & EPS history

Hertz · Revenue · Quarterly

$2.05B

Q1 2023+13.1%vs Q1 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

The release does not contain any forward guidance.

Historical earnings impact

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

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+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
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Q1 2019
Q4 2018
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Q2 2017
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Q4 2016
Q3 2016
Q2 2016
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Q4 2015
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Q2 2015
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Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
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Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
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Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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