Key TakeawaysHertz Global Holdings announced it was cutting its EV fleet by another 10,000 and took a $195 million charge in the first quarter.That charge was part of a $588 million increase in vehicle depreciation, leading to a per-share loss that was more than double estimates.In January, the company took a $245 million charge as it moved to shed 20,000 EVs.Hertz shares fell 19% on Thursday. Hertz Global Holdings (HTZ) shares cratered after the rental car giant said it will incur an additional $195 millio ...

Challenges in the EV segment continued to weigh on the stock.Shares of Hertz Global Holdings (HTZ -19.31%) were tumbling today after the car rental giant posted disappointing results in its first-quarter earnings, as the company continued to experience challenges with its EV fleet.As a result, the stock was down 19.8% as of 3:28 p.m. ET. Hertz is still short-circuitingHertz's revenue in the quarter rose 2% year over year to $2.1 billion, which topped estimates at $2.04 billion. Total transaction days rose 9 ...

Hertz Global Holdings, Inc. (NASDAQ:HTZ) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Johann Rawlinson - VP, IR Gil West - Chair and CEO Alexandra Brooks - EVP and CFO Justin Keppy - EVP and COO Darren Arrington - EVP, Revenue Management and Fleet Acquisition Conference Call Participants Chris Woronka - Deutsche Bank Ian Zaffino - Oppenheimer John Babcock - Bank of America John Healy - Northcoast Research Lizzie Dove - Goldman Sachs Harold Antor - Jefferies Christopher Sta ...

Hertz Global Holdings, Inc. (HTZ) reported $2.08 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.6%. EPS of -$1.28 for the same period compares to $0.39 a year ago.The reported revenue represents a surprise of +2.83% over the Zacks Consensus Estimate of $2.02 billion. With the consensus EPS estimate being -$0.45, the EPS surprise was -184.44%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectati ...

Hertz Global Holdings, Inc. (HTZ) came out with a quarterly loss of $1.28 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -184.44%. A quarter ago, it was expected that this company would post a loss of $1.02 per share when it actually produced a loss of $1.36, delivering a surprise of -33.33%.Over the last four quarters, the co ...

Exhibit 99.1 HERTZ REPORTS FIRST QUARTER 2024 RESULTS ____________________________________________________________________________ "Fleet and direct operating costs weighed on this quarter's performance," said Gil West, Hertz chief executive officer. "We're tackling both issues - getting to the right supply of vehicles at an acceptable capital cost while at the same time driving productivity up and operating costs down. These, along with creating a superior customer experience, will be our focus as we posit ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ | Commission File | Exact Name of Registrant as ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Hertz Global Holdings, Inc. (HTZ) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

ToplineBefore his arrest and high-profile murder trial, O.J. Simpson—who died Wednesday—was the celebrity spokesperson for Hertz rental cars and other huge brands, boosting his income during his NFL career and for over a decade after retiring.By the time he divorced Nicole Brown Simpson in 1992, Hertz was paying Simpson over $500,000 per ... [+] year to serve as the company’s celebrity spokesperson.Soqui Ted Key FactsSimpson signed his first endorsement deal with General Motors in 1970, before the Heisman w ...

ESTERO, Fla., April 8, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ)  (the "Company") announced today that it plans to report its first quarter 2024 financial results at approximately 7:30 a.m. ET on Thursday, April 25, 2024 followed by an earnings call at 8:30 a.m. ET.A live webcast of the call will be available on the Investor Relations page of the Company's website at https://ir.hertz.com. To access the call by phone, please register through this link: Hertz Q1 2024 earnings teleco regis ...