Overview

* Hertz Q3 revenue of $2.5 bln beats analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting strong operational execution

* Company reports $184 mln net income, first positive result in two years

Result Drivers

* FLEET REFRESH - Completion of transformative fleet refresh improved vehicle lifecycle standards and fleet economics

* HIGH UTILIZATION - Utilization reached highest level since 2018 due to improved vehicle servicing processes

* CUSTOMER EXPERIENCE - Nearly 50% increase in Net Promoter Score reflects focus on rental ease and vehicle quality

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $2.47 $2.39

Revenue bln bln (9

Analysts

)

Q3 Beat $0.12 $0.02 (7

Adjusted Analysts

EPS )

Q3 EPS $0.42

Q3 Miss $43 mln $45.70

Adjusted mln (4

Net Analysts

Income )

Q3 Net $184 mln

Income

Q3 8%

Adjusted

EBITDA

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and 4 "sell" or "strong sell"

* The average consensus recommendation for the passenger transportation, ground & sea peer group is "buy."

* Wall Street's median 12-month price target for Hertz Global Holdings Inc ( HTZ ) is $3.10, about 59.4% below its November 3 closing price of $4.94

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)