HRI Stock Recent News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Now that the United States FED has been applying pressure by raising interest rates and decreasing liquidity levels in the economy, investment dollars become more and more focused on healthy - and predictable - free cash flow alongside a healthy mix of growth.

Herc Holdings has seen strong financial performance driven by good management decisions and a strong economy. Revenue and net income have increased significantly, and the company's profitability metrics have improved. Despite the market's failure to fully appreciate the company's success, it presents a good opportunity for bullish investors.

Herc Holdings (HRI) came out with quarterly earnings of $2.69 per share, missing the Zacks Consensus Estimate of $3.37 per share. This compares to earnings of $2.47 per share a year ago.

Cyclical stocks have struggled against the S&P 500 this year as fears of a recession grow worse. Still, I see shares of Herc Holdings as undervalued given significant earnings and free cash flow upside potential.

Herc Holdings (HRI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) today announced it will release first quarter 2023 financial results on April 20, 2023, before the market opens. The release will be followed by an investor conference call at 8:30 a.m. ET. On the call, management will review the Company's results and may discuss or disclose material business, financial, or other information that is not contained in the press release.

Herc Holdings (HRI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Herc Holdings Inc. (NYSE:HRI ) Q4 2022 Earnings Conference Call February 14, 2023 8:30 AM ET Company Participants Leslie Hunziker - IR Larry Silber - President and CEO Aaron Birnbaum - SVP and COO Mark Irion - SVP and CFO Conference Call Participants Jerry Revich - Goldman Sachs Rob Wertheimer - Melius Research Neil Tyler - Redburn Ken Newman - KeyBanc Capital Markets Sherif El-Sabbahy - Bank of America Steven Ramsey - Thompson Research Group Larry Stavitski - Wells Fargo Mig Dobre - Baird Brian Sponheimer - GAMCO Operator Good morning. My name is Rob and I will be your conference operator today.

Herc Holdings (HRI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.