We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hertz Global Holdings, Inc. (HTZ) Stock Moves -0.92%: What You Should Know
Read MoreHide Full Article
Hertz Global Holdings, Inc. (HTZ - Free Report) closed at $17.14 in the latest trading session, marking a -0.92% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the company had lost 8.51% over the past month, outpacing the Transportation sector's loss of 9.12% and lagging the S&P 500's loss of 4.08% in that time.
Wall Street will be looking for positivity from Hertz Global Holdings, Inc. as it approaches its next earnings report date. In that report, analysts expect Hertz Global Holdings, Inc. to post earnings of $1.31 per share. This would mark year-over-year growth of 9.17%. Meanwhile, our latest consensus estimate is calling for revenue of $2.56 billion, up 14.79% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.33 per share and revenue of $8.95 billion, which would represent changes of -1.37% and +22.01%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Hertz Global Holdings, Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Hertz Global Holdings, Inc. is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Hertz Global Holdings, Inc. has a Forward P/E ratio of 4 right now. This represents a discount compared to its industry's average Forward P/E of 9.26.
The Transportation - Services industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 177, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Hertz Global Holdings, Inc. (HTZ) Stock Moves -0.92%: What You Should Know
Hertz Global Holdings, Inc. (HTZ - Free Report) closed at $17.14 in the latest trading session, marking a -0.92% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the company had lost 8.51% over the past month, outpacing the Transportation sector's loss of 9.12% and lagging the S&P 500's loss of 4.08% in that time.
Wall Street will be looking for positivity from Hertz Global Holdings, Inc. as it approaches its next earnings report date. In that report, analysts expect Hertz Global Holdings, Inc. to post earnings of $1.31 per share. This would mark year-over-year growth of 9.17%. Meanwhile, our latest consensus estimate is calling for revenue of $2.56 billion, up 14.79% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.33 per share and revenue of $8.95 billion, which would represent changes of -1.37% and +22.01%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Hertz Global Holdings, Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Hertz Global Holdings, Inc. is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Hertz Global Holdings, Inc. has a Forward P/E ratio of 4 right now. This represents a discount compared to its industry's average Forward P/E of 9.26.
The Transportation - Services industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 177, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.