NYSE$HTZ
Hertz Global Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Hertz's Q4 2023 results were impacted by headwinds related to the electric vehicle fleet and other costs.
Hertz Global Holdings reported Q4 2023 revenue of $2.2 billion, a 7% increase year-over-year, driven by increased volume across leisure, corporate and rideshare customer channels. The company faced headwinds related to its electric vehicle fleet, resulting in a GAAP net loss of $348 million, or $1.14 loss per diluted share, and an adjusted net loss of $418 million, or $1.36 loss per diluted share.
- Revenue increased by 7% compared to Q4 2022, reaching $2.2 billion.
- GAAP net loss was $348 million, with a negative 16% margin.
- Adjusted net loss amounted to $418 million.
- Adjusted Corporate EBITDA was negative $382 million, including $245 million of net depreciation expense related to the sale of electric vehicles.
Headline financials
Revenue & EPS history
Hertz · Revenue · Quarterly
$2.18B
Forward guidance
Hertz is confident that its planned reduction in EVs and cost base, along with the ongoing execution of its enhanced profitability plan, will enable it to regain its operational cadence and improve its financial performance with increasing effect into 2025.
Tailwinds
- Planned reduction in EVs.
- Reduced cost base.
- Ongoing execution of enhanced profitability plan.
- Regaining operational cadence.
- Improving financial performance into 2025.
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 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
| Quarter | Report date | Reaction (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% | |
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