Herc Holdings First Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Herc Holdings (NYSE:HRI) First Quarter 2024 Results

Key Financial Results

• Revenue: US$804.0m (up 8.6% from 1Q 2023).
• Net income: US$65.0m (down 3.0% from 1Q 2023).
• Profit margin: 8.1% (down from 9.1% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$2.30 (down from US$2.31 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Herc Holdings Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Trade Distributors industry in the US.

Performance of the American Trade Distributors industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Herc Holdings is showing 3 warning signs in our investment analysis and 1 of those can't be ignored...

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