Core Viewpoint - The market anticipates Herc Holdings (HRI) will report a year-over-year increase in earnings driven by higher revenues for the quarter ended December 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Herc Holdings is expected to report quarterly earnings of 919.84 million, which is a 10.7% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 15.9% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. - The Most Accurate Estimate for Herc Holdings is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.08% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with positive readings being more predictive of earnings beats [6][7]. - Stocks with a positive Earnings ESP and a strong Zacks Rank (1-3) have historically shown a nearly 70% success rate in delivering positive surprises [8]. Historical Performance - In the last reported quarter, Herc Holdings was expected to post earnings of 4.35, resulting in a surprise of -2.90% [12]. - The company has not beaten consensus EPS estimates in any of the last four quarters [13]. Industry Comparison - Ryder, another player in the Zacks Transportation - Equipment and Leasing industry, is expected to report earnings of 3.36 billion, up 11.2% from the previous year, with an unchanged EPS estimate over the last 30 days [17][18].
Herc Holdings (HRI) Earnings Expected to Grow: Should You Buy?