Herc Holdings (HRI) Q1 Earnings Lag Estimates

Core Insights - Herc Holdings reported quarterly earnings of $1.30 per share, missing the Zacks Consensus Estimate of $2.51 per share, and down from $2.36 per share a year ago, representing an earnings surprise of -48.21% [1] - The company posted revenues of $844 million for the quarter, surpassing the Zacks Consensus Estimate by 0.31%, and up from $804 million year-over-year [2] - The stock has underperformed, losing about 41.1% since the beginning of the year compared to the S&P 500's decline of -12.3% [3] Earnings Performance - Over the last four quarters, Herc Holdings has not surpassed consensus EPS estimates [2] - The current consensus EPS estimate for the upcoming quarter is $2.92 on revenues of $873.26 million, and for the current fiscal year, it is $12.07 on revenues of $3.53 billion [7] Market Outlook - The estimate revisions trend for Herc Holdings is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [6] - The Transportation - Equipment and Leasing industry is in the bottom 12% of Zacks industries, suggesting that the outlook for the industry can significantly impact stock performance [8]