HRI Stock Recent News

Herc Holdings (HRI) came out with quarterly earnings of $3.24 per share, missing the Zacks Consensus Estimate of $3.29 per share. This compares to earnings of $3.44 per share a year ago.

Herc Holdings: Growth Built On Little Working Capital, Increasing Value Intrinsically

Herc Holdings Inc. (NYSE:HRI ) Q3 2023 Earnings Conference Call October 24, 2023 8:30 AM ET Company Participants Leslie Hunziker - Senior Vice President, Investor Relations Larry Silber - President and Chief Executive Officer Aaron Birnbaum - Senior Vice President and Chief Operating Officer Mark Humphrey - Senior Vice President and Chief Financial Officer Conference Call Participants Rob Wertheimer - Melius Research Jerry Revich - Goldman Sachs Ken Newman - KeyBanc Capital Markets Seth Weber - Wells Fargo Securities John Healy - Northcoast Research Mig Dobre - Baird Operator Good morning. My name is Aldra, and I will be your conference operator today.

Herc Holdings (HRI) came out with quarterly earnings of $4 per share, missing the Zacks Consensus Estimate of $4.10 per share. This compares to earnings of $3.42 per share a year ago.

Herc Holdings (HRI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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.