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 15 quarters(67%)
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
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
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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

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