Hertz Global (HTZ) reported earnings on Thur 8 Nov 2018 (a/h)

** charts before earnings **

 

** charts after earnings **

 

Hertz Global beats by $0.37, beats on revs 

• Reports Q3 (Sep) earnings of $2.14 per share, excluding non-recurring items, $0.37 better than the S&P Capital IQ Consensus of $1.77; revenues rose 7.2% year/year to $2.76 bln vs the $2.68 bln S&P Capital IQ Consensus.
• Total U.S. RAC revenues increased 10% versus the prior-year quarter as a result of volume and pricing both on and off airport. Volume increased 7% and Total RPD increased 3%. The Company achieved a 5% increase in Time and Mileage pricing and a 30 basis point improvement in Utilization. Excluding rentals to transportation network company drivers ("TNC"), revenues increased 8%; comprised of a 4% volume increase and a 3% increase in Total RPD.