What Does Wall Street See for Hertz Global Holdings' Q2?
Hertz Global Holdings (NYS: HTZ) is expected to report Q2 earnings on July 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Hertz Global Holdings' revenues will expand 7.9% and EPS will expand 23.1%.
The average estimate for revenue is $2.24 billion. On the bottom line, the average EPS estimate is $0.32.
Last quarter, Hertz Global Holdings booked revenue of $1.96 billion. GAAP reported sales were 10% higher than the prior-year quarter's $1.78 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.05. GAAP EPS were -$0.13 for Q1 versus -$0.32 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 18.5%, 180 basis points better than the prior-year quarter. Operating margin was 6.8%, 160 basis points better than the prior-year quarter. Net margin was -2.9%, 460 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $8.95 billion. The average EPS estimate is $1.34.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 180 members out of 261 rating the stock outperform, and 81 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Hertz Global Holdings a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hertz Global Holdings is buy, with an average price target of $20.60.
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The article What Does Wall Street See for Hertz Global Holdings' Q2? originally appeared on Fool.com.Seth Jaysonhad no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Hertz Global Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.