Top Wall Street Forecasters Revamp Hertz Global Expectations Ahead Of Q1 Earnings

Hertz Global Holdings, Inc (NASDAQ:HTZ) will release earnings results for the first quarter, after the closing bell on Monday, May 12.

Analysts expect the Estero, Florida-based company to report quarterly losses at 98 cents per share, versus year-ago losses of $1.28 per share in the year-ago period. Hertz Global projects to report quarterly revenue at $2.01 billion, compared to $2.08 billion a year earlier, according to data from Benzinga Pro.

Pershing Square revealed in a regulatory filing last month that the firm purchased 12.71 million shares of Hertz as of Dec. 31, representing a stake of approximately 4.1%.

Hertz Global shares gained 7.7% to close at $6.72 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings </em></a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Adam Jonas maintained an Equal-Weight rating and cut the price target from $8 to $7 on Aug. 6, 2024. This analyst has an accuracy rate of 63%.
• Susquehanna analyst Christopher Stathoulopoulos maintained a Neutral rating and slashed the price target from $5 to $4 on Aug. 6, 2024. This analyst has an accuracy rate of 76%.
• Oppenheimer analyst Ian Zaffino maintained a Perform rating on July 5, 2024. This analyst has an accuracy rate of 61%.

Considering buying HTZ stock? Here’s what analysts think:

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