HRI / KeyBanc Cuts Herc's Price Target By ~22%

Herc Holdings Inc. (NYSE:HRI ) Q3 2023 Earnings Conference Call October 24, 2023 8:30 AM ET Company Participants Leslie Hunziker - Senior Vice Preside more_horizontal

Herc Holdings (HRI) came out with quarterly earnings of $4 per share, missing the Zacks Consensus Estimate of $4.10 per share. This compares to earnin more_horizontal

Herc Holdings (HRI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with th more_horizontal

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal

Now that the United States FED has been applying pressure by raising interest rates and decreasing liquidity levels in the economy, investment dollars more_horizontal

Herc Holdings has seen strong financial performance driven by good management decisions and a strong economy. Revenue and net income have increased si more_horizontal

Herc Holdings (HRI) came out with quarterly earnings of $2.69 per share, missing the Zacks Consensus Estimate of $3.37 per share. This compares to ear more_horizontal

Cyclical stocks have struggled against the S&P 500 this year as fears of a recession grow worse. Still, I see shares of Herc Holdings as undervalued g more_horizontal