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Hertz Global Holdings Inc (HTZ)
NASDAQ:HTZ
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.71Last Year’s EPS
-1.12Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented substantial operational and strategic progress — including a >$1 billion full-year adjusted EBITDA improvement, fleet rotation, younger average fleet age, improved unit economics (DOE -6%), and a nearly 50% increase in Net Promoter Score — while acknowledging several pronounced but described as transitory headwinds in Q4 (elevated recalls, a $60M noncash depreciation charge from Black Book residuals, a ~$20M loss on asset sales, government shutdown impacts and temporary liquidity pressure). Management pointed to early 2026 revenue and RPD strength, maintained disciplined growth targets, and reiterated multi-year ambitions (including $1B adjusted EBITDA in 2027) while keeping 2026 guidance unchanged (3%–6% adjusted EBITDA margin). Overall, positives on execution, customer experience, fleet economics and strategic initiatives significantly outweighed the discrete quarter-specific challenges.Company Guidance
Full-Year Adjusted EBITDA Improvement
Hertz achieved a full-year adjusted EBITDA improvement of more than $1.0 billion year-over-year for 2025, reflecting material progress on profitability versus the prior year.
Sequential Revenue and RPU/RPD Recovery
Revenue showed strong sequential improvement through 2025, with Q4 2025 being the company's strongest revenue result in nearly two years; adjusted Q4 revenue was about $2.0 billion and, excluding a prior-year loyalty adjustment, revenue grew year-over-year with RPD nearly flat.
Q4 and Q1 Momentum
Q4 adjusted revenue improved sequentially by ~4 percentage points (from down ~4% to about flat); early 2026 trends show January and February with positive year-over-year revenue and RPD, and management expects Q1 2026 revenue to be up mid-single digits year-over-year with low-single-digit fleet growth.
Unit Economics and Cost Improvement
Adjusted DOE (direct operating expense) per transaction day improved 6% year-over-year to $36.39, moving closer to the North Star target (low 30s), and adjusted EBITDA improved ~$150 million year-over-year in Q4.
Fleet Health and Rotation
Fleet rotation completed and model year 2026 purchases secured at target prices and volumes; average fleet age reduced to under 10 months — the youngest in almost a decade — and global fleet was 3% smaller year-over-year while delivering stronger revenue performance.
Customer Experience Gains
Net Promoter Score (customer satisfaction) improved nearly 50% year-over-year in 2025, with near-term effects on organic demand and direct website growth.
Hertz Car Sales and Retail Strategy
Hertz car sales is being transformed into an omnichannel retail-focused business; currently ~1/3 of cars sold via retail channels with an aspirational target of ~80%, and the business already ranks among the top 5 used car dealers by sales volume.
Mobility and Rideshare Growth
Mobility business (including rideshare) is growing revenue in double digits and Hertz operates the largest rideshare rental fleet in the world, representing a material long-term growth opportunity.
HTZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HTZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $4.42 | $4.50 | +1.81% |
Nov 04, 2025 | $4.94 | $6.73 | +36.23% |
Aug 07, 2025 | $5.57 | $5.99 | +7.54% |
May 12, 2025 | $6.94 | $5.76 | -17.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hertz Global Holdings Inc (HTZ) report earnings?
Hertz Global Holdings Inc (HTZ) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is Hertz Global Holdings Inc (HTZ) earnings time?
Hertz Global Holdings Inc (HTZ) earnings time is at Apr 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HTZ EPS forecast?
HTZ EPS forecast for the fiscal quarter 2026 (Q1) is -0.71.
