Hertz Global (HTZ) reported earnings on Mon 8 May 2017 (a/h)

** charts before earnings **

  

** charts after earnings **

• 2 months later

Hertz Global misses by $0.77, misses on revs :

• Reports Q1 (Mar) loss of $1.61 per share, excluding non-recurring items, $0.77 worse than the Capital IQ Consensus of ($0.84); revenues fell 3.4% year/year to $1.92 bln vs the $1.94 bln Capital IQ Consensus.
• U.S. Segment
  • Total U.S. RAC revenues were $1.4 billion in the first quarter 2017, a decrease of 4%, versus the same period last year.
  • Pricing, as measured by Total RPD, decreased by 3% in the quarter, impacted by an unfavorable customer mix, which the Company is currently addressing as part of its long-term improvement plan.
  • First quarter 2017 Adjusted Corporate EBITDA for U.S. RAC was a negative $104 million, a $130 million decline versus the same period last year.
• International
  • The Company's International RAC segment revenues were $411 million in first quarter 2017, a decrease of 5% from the first quarter 2016. The decline in the International RAC revenues reflect a tougher year-over-year comparison due to the additional Leap day in 2016, the Easter shift to second quarter in 2017, as well as the termination of certain contracts in the third quarter of 2016. First quarter 2017 Adjusted Corporate EBITDA for International RAC was $3 million.