NYSE$HTZ

Hertz Global Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Hertz reported strong Q4 2022 results with revenue up 4% and record RPD and RPU levels.

Hertz Global Holdings, Inc. reported a strong fourth quarter in 2022, with total revenues of $2.0 billion, up 4% from Q4 2021. Net income was $116 million, and Adjusted Corporate EBITDA was $309 million, a 15% margin. Adjusted earnings per share was $0.50. The company acquired 19 million shares, or 6% of its common stock, during the quarter.

  • Revenue of $2.0 billion.
  • GAAP net income of $116 million, or $(0.01) per diluted share.
  • Adjusted net income of $173 million, or $0.50 per diluted share.
  • Adjusted Corporate EBITDA of $309 million, a 15% margin.

Headline financials

Total Revenue

$2.04B

Previous: $1.95B+4.4%
EPS (adj)

$0.50

Previous: $0.91-45.1%
Vehicle utilization

79.0%

Previous: 75.0%+5.3%
Total RPD

$61.65

No prior period
Total RPU per month

$1.49K

Previous: $1.39K+6.9%
Depreciation per unit

$244.00

Previous: $57.00+328.1%
Free Cash Flow

$424M

Previous: $509M-16.7%
Net Income

$116M

Previous: -$260M+144.6%
Operating Income

$127M

Previous: -$136M+193.4%
Gross Profit

$364M

Previous: $763M-52.3%
Cash & Equivalents

$943M

Previous: $2.26B-58.2%
Total Assets

$22.5B

Previous: $19.8B+13.7%

Revenue & EPS history

Hertz · Revenue · Quarterly

$2.04B

Q4 2022+4.4%vs Q4 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

In 2023, we will build on our progress to grow our business across the Hertz, Dollar, and Thrifty brands. We look to our investments in electrification and technology to yield increasing operating leverage and improved returns and an even better product to our customers around the world.

Tailwinds

  • Grow our business across the Hertz, Dollar, and Thrifty brands.
  • Investments in electrification will yield increasing operating leverage.
  • Investments in technology will yield increasing operating leverage.
  • Investments in electrification will lead to improved returns.
  • Investments in technology will lead to improved returns.

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 Q4 2022

Historical avgQ4 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
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Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
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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

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