Yahoo Finance Hertz Global Holdings Full Year 2022 Earnings: EPS Misses Expectations
Hertz Global Holdings (NASDAQ:HTZ) Full Year 2022 Results
Key Financial Results
Revenue: US$8.69b (up 18% from FY 2021).
Net income: US$2.06b (up from US$84.0m loss in FY 2021).
Profit margin: 24% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue.
EPS: US$5.43 (up from US$0.27 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hertz Global Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%.
Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Transportation industry in the US.
Performance of the American Transportation industry.
The company's shares are up 1.8% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Hertz Global Holdings that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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