NYSE$HTZ

Hertz Global Holdings Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Hertz reported solid performance driven by overall business strength and consistent demand across all customer segments.

Hertz Global Holdings, Inc. reported Q3 2022 results with total revenues of $2.5 billion and a net income of $577 million. The company focused on operational excellence and fleet optimization, facilitating investments in strategic priorities such as electrification.

  • Total revenues reached $2.5 billion, up 12% year over year.
  • GAAP net income was $577 million, or $1.33 per diluted share.
  • Adjusted Corporate EBITDA was $618 million, a 25% margin.
  • The company repurchased 27.2 million common shares for $500 million during the quarter.

Headline financials

Total Revenue

$2.5B

Previous: $2.23B+12.1%
EPS (adj)

$1.08

Previous: $1.20-10.0%
Vehicle utilization

80.0%

No prior period
Total RPD

$68.57

No prior period
Total RPU per month

$1.69K

No prior period
Depreciation per unit

$187.00

No prior period
Capital Expenditures

-$104M

Previous: -$41M-153.7%
Free Cash Flow

$473M

Previous: $564M-16.1%
Net Income

$577M

Previous: $605M-4.6%
Operating Income

$596M

Previous: $671M-11.2%
Gross Profit

$920M

Previous: $1.1B-16.0%
Cash & Equivalents

$1.01B

Previous: $2.7B-62.7%
Total Assets

$21.7B

Previous: $19.6B+10.7%

Revenue & EPS history

Hertz · Revenue · Quarterly

$2.5B

Q3 2022+12.1%vs Q3 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

This document does not contain forward guidance.

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 Q3 2022

Historical avgQ3 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
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———
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