Herc Holdings Inc. (NYSE:HRI) is set to announce third quarter earning results on Thursday 22nd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, HRI to report 3Q20 income of $ 0.80 per share.
For the full year, analysts anticipate top line of $ 1701.76 million, while looking forward to income of $ 1.80 per share bottom line.
Previous Quarter Performance
Herc Holdings Inc. came out with income for the second quarter of $ 0.25 per share, from the revenue of $ 368.00 million. The quarterly earnings fell 24.24 percent while revenues down 22.54 percent compared with the same quarter last year.
Wall street analysts are predicting, HRI to report 2Q20 loss of $ 0.61 per share from revenue of $ 355.06 million. The bottom line results beat street analysts by $ 0.86 or 140.98 percent, at the same time, top line results outshined analysts by $ 12.94 million or 3.64 percent.
Stock Performance
Shares of Herc Holdings Inc. traded up $ 0.04 or 0.09 percent on Wednesday, reaching $ 45.65 with volume of 127.40 thousand shares. The stock opened down for the day at $ 45.48, after closing the previous day trading at $ 45.61.
According to the previous trading day, closing price of $ 45.61, representing a 286.20 % increase from the 52 week low of $ 11.81 and a 10.23 % decrease over the 52 week high of $ 50.81.
The company has a market capital of $ 1.40 billion and is part of the Industrials sector and Rental & Leasing Services industry.
Conference Call
Herc Holdings Inc. will be hosting a conference call at 8:30 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website ir.hercrentals.com
Herc Holdings Inc., together with its subsidiaries, operates as an equipment rental supplier primarily in the United States and internationally. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment. The company also sells used equipment and contractor supplies, such as construction consumables, tools, small equipment, and safety supplies; provides repair, maintenance, equipment management, and safety training services, as well as offers ancillary services, such as equipment transport, rental protection, cleaning, refueling, and labor.
