Herc Holdings Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Herc Holdings (NYSE:HRI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$848.0m (up 5.7% from 2Q 2023).
• Net income: US$70.0m (down 7.9% from 2Q 2023).
• Profit margin: 8.3% (down from 9.5% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$2.47 (down from US$2.68 in 2Q 2023).

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

Herc Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Trade Distributors industry in the US.

Performance of the American Trade Distributors industry.

The company's shares are down 3.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Herc Holdings (1 is concerning!) that you should be aware of.

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