Hertz Results Hit by $1B Impairment Charge [Yahoo! Finance]
Hertz Global Holdings, Inc (HTZ)
Last hertz global holdings, inc earnings: 2/24 04:05 pm
Check Earnings Report
US:NYSE Investor Relations:
ir.hertz.com
Company Research
Source: Yahoo! Finance
The company reported a non-cash asset impairment charge of $1 billion, which the company pinned on a "decline in fleet residual values over the last year or so." The company also incurred major charges earlier this year in connection with the sale of 30,000 electric vehicles from its fleet. Hertz Global Holdings ( HTZ ) reported a wider-than-expected third-quarter loss Tuesday, dinged by a non-cash asset impairment charge of $1 billion. The rental car company reported revenue of $2.58 billion, down 5% year-over-year and below the consensus estimate of analysts compiled by Visible Alpha. After stripping out the impairment charge, Hertz's adjusted net loss of $208 million, or 68 cents per share, was wider than expected. Hertz said the impairment charge was due to a "decline in fleet residual values over the last year or so." The company acknowledged its strategy of trying to maximize revenue per unit (RPU) "resulted in volume declines." Hertz shares initially declined Tuesday
Show less
Read more
Impact Snapshot
Event Time:
HTZ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HTZ alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HTZ alerts
High impacting Hertz Global Holdings, Inc news events
Weekly update
A roundup of the hottest topics
HTZ
News
- Hertz Global Holdings, Inc. (NYSE: HTZ) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Hertz Global Holdings Inc (HTZ) Q3 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]Yahoo! Finance
- Why Hertz Stock Tumbled and Then Recovered Today [Yahoo! Finance]Yahoo! Finance
- Hertz Global Holdings, Inc. (HTZ) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Compared to Estimates, Hertz Global (HTZ) Q3 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
HTZ
Earnings
- 11/12/24 - Miss
HTZ
Sec Filings
- 11/12/24 - Form 10-Q
- 11/8/24 - Form SC
- 11/5/24 - Form 4
- HTZ's page on the SEC website