Hertz Global (HTZ) Misses Q4 EPS by 17c, Revs Beat

Hertz Global (NYSE: HTZ) reported Q4 EPS of ($0.77), $0.17 worse than the analyst estimate of ($0.60). Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.06 billion.

For the fourth quarter 2017, total revenues were $2.1 billion, a 4% increase versus the fourth quarter 2016. Loss before income taxes for the fourth quarter 2017 was $179 million versus a loss of $466 million in the same period last year. Fourth quarter 2017 net income was $616 million, or $7.42 per diluted share, which included a one-time benefit of $679 million related to U.S. tax reform, compared with a net loss from continuing operations of $438 million during the fourth quarter 2016, or $5.28 per diluted share. The Company reported adjusted net loss for the fourth quarter 2017 of $64 million, or $0.77 adjusted diluted loss per share, compared with adjusted net loss of $59 million, or $0.71 adjusted diluted loss per share, for the same period last year. Adjusted Corporate EBITDA for the fourth quarter 2017 was $21 million, compared to $12 million in the same period last year.

For earnings history and earnings-related data on Hertz Global (HTZ) click here.

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