Herc Holdings (HRI) Q2 Earnings Beat Estimates

Core Insights - Herc Holdings (HRI) reported quarterly earnings of $1.87 per share, exceeding the Zacks Consensus Estimate of $1.29 per share, but down from $2.6 per share a year ago, indicating an earnings surprise of +44.96% [1] - The company posted revenues of $984 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 0.38%, but up from $848 million year-over-year [2] - The stock has underperformed the market, losing about 20.8% since the beginning of the year compared to the S&P 500's gain of 8.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.10 on revenues of $1.26 billion, and for the current fiscal year, it is $6.71 on revenues of $4.32 billion [7] - The estimate revisions trend for Herc Holdings was unfavorable prior to the earnings release, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Transportation - Equipment and Leasing industry, to which Herc Holdings belongs, is currently in the top 38% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]