NYSE$HTZ

Hertz Global Holdings Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Hertz reported record revenue driven by ongoing strength in demand and stable pricing.

Hertz Global Holdings, Inc. reported third quarter 2023 results with total revenues of $2.7 billion and GAAP net income of $629 million.

  • Total revenues of $2.7 billion
  • GAAP net income of $629 million, a 23% margin, or $0.92 per diluted share
  • Adjusted Net Income of $230 million, or $0.70 per adjusted diluted share
  • Adjusted Corporate EBITDA of $359 million, a 13% margin

Headline financials

Total Revenue

$2.7B

Previous: $2.5B+8.3%
EPS (adj)

$0.70

Previous: $1.08-35.2%
Vehicle utilization

83.0%

Previous: 80.0%+3.8%
Total RPU per month

$1.6K

Previous: $1.69K-5.3%
Depreciation per unit

$282.00

Previous: $187.00+50.8%
Capital Expenditures

-$151M

Previous: -$104M-45.2%
Free Cash Flow

$478M

Previous: $473M+1.1%
Net Income

$629M

Previous: $577M+9.0%
Operating Income

$559M

Previous: $596M-6.2%
Gross Profit

$703M

Previous: $920M-23.6%
Cash & Equivalents

$594M

Previous: $1.01B-41.0%
Total Assets

$25.6B

Previous: $21.7B+17.8%

Revenue & EPS history

Hertz · Revenue · Quarterly

$2.7B

Q3 2023+8.3%vs Q3 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

The company did not provide a financial outlook in the earnings report.

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 2023

Historical avgQ3 2023

+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