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Hertz Global Holdings, Inc. (HTZ) came out with a quarterly loss of $0.68 per share versus the Zacks Consensus Estimate of a loss of $0.50. This compares to earnings of $0.70 per share a year ago.
Hertz Global reported a wider-than-expected third-quarter loss and missed revenue estimates on Tuesday, hurt by depreciation charges from its fleet vehicles, sending shares of the rental car firm down more than 8% in premarket trading.
"In the third quarter, we continued executing on our efforts to implement our transformation, focusing on our back-to-basics strategy to deliver sustainable, long-term returns for shareholders," said Gil West, Hertz CEO. "Our team's commitment to both our customers and our strategic objectives were evident throughout the summer.
Besides Wall Street's top -and-bottom-line estimates for Hertz Global (HTZ), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
ESTERO, Fla. , Nov. 4, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) (the "Company") announced today that it plans to report its third quarter 2024 financial results at 8:00 a.m.
ESTERO, Fla. , Oct. 21, 2024 /PRNewswire/ -- What: Today, Hertz (NASDAQ: HTZ) announced that it is helping citizens in communities across the nation get to the polls with its Free Day on Election Day promotion.
NEW YORK, NY / ACCESSWIRE / July 24, 2024 / If you suffered a loss on your Hertz Global Holdings, Inc. (NASDAQ:HTZ) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/hertz-global-holdings-inc-lawsuit-submission-form?prid=92081&wire=1 or contact Joseph E. Levi, Esq.
LOS ANGELES, CA / ACCESSWIRE / June 22, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hertz Global Holdings, Inc. ("Hertz" or "the Company") (NASDAQ:HTZ) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 27, 2023 and April 24, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before July 30, 2024.
One of the great markers of out of control, irrational market froth during the pandemic was when legions of day traders began snapping up shares of Hertz in the aftermath of its bankruptcy filing. That filing came four years ago yesterday, May 23, 2020, when the car rental company asked a judge for protection from creditors amid sweeping COVID travel restrictions that destroyed demand and left it holding the bag financially.
The first total solar eclipse to pass over the U.S. in seven years is happening Monday. With the next one taking place in 2044, brands are rushing to benefit from consumer spending associated with the astronomical event.