bp (BP) Pulse to Launch Gigahubs for Fleet Charging Near High-Demand Locations

Uber (UBER) Releases Early Findings on Tesla (TSLA) EV Partnership with Hertz (HTZ)

October 27, 2022 2:14 PM EDT

Roughly one year has passed since Uber (NYSE: UBER) and Hertz (NASDAQ: HTZ) launched a partnership to supply electric Tesla (NASDAQ: TSLA) vehicles to drivers of the ride-hailing company. An analyst from within Uber has published a report highlighting the early findings of the partnership.

According to Uber analyst, Rainer Lempart, since the program was launched in October of 2021, Teslas rented... More

Hertz revenue jumps 12% on car rental demand

October 27, 2022 7:33 AM EDT

WASHINGTON (Reuters) -Hertz Global Holdings Inc on Thursday reported a 12% jump in quarterly revenue, as demand for rental cars stayed strong amid surging leisure travel and constrained production from automakers.

The company's revenue rose to about $2.5 billion for the quarter through September from $2.23 billion a year ago, while net income rose just 1% to $577 million, or $1.33 per share, reflecting intentionally elevated maintenance costs to address out-of-service levels.

"We managed the fleet pretty aggressively," Hertz Chief Executive Stephen Scherr said in an interview.

He said Hertz was... More

Hertz Global (HTZ) Misses Q3 EPS by 16c

October 27, 2022 7:33 AM EDT

Hertz Global (NASDAQ: HTZ) reported Q3 EPS of $1.08, $0.16 worse than the analyst estimate of $1.24. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.53 billion.

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

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Hertz Global (HTZ) Reports Q3 Revenue of $2.5B, EPS of $1.08

October 27, 2022 7:31 AM EDT

Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz", "Hertz Global" or the "Company") today reported results for its third quarter 2022.

HIGHLIGHTS

Total revenues of $2.5 billionGAAP net income of $577 million, or $1.33 per diluted shareAdjusted Net Income of $410 million, or $1.08 per adjusted diluted share (reflects adjustments for fair value remeasurements to outstanding public warrants and certain derivative contracts, among other items)Adjusted Corporate EBITDA of $618 million, a 25% marginOperating cash flow of $932 million, adjusted operating cash flow of $572 millionAdjusted free cash flow of $505 millionCorporate liquidity of $2.6 billion at September 30,... More

Hertz Global (HTZ) call put ratio 7.3 calls to 1 put with focus on December 20 calls

October 26, 2022 11:04 AM EDT

Hertz Global (NASDAQ: HTZ) October weekly call option implied volatility is at 74, November is at 63; compared to its 52-week range of 44 to 277 into the expected release of quarter results before the bell on October 27. Call put ratio 7.3 calls to 1 put.

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Hertz Global (HTZ) November 20 straddle priced for a move of 12.5% into quarter results

October 26, 2022 4:38 AM EDT

Hertz Global (NASDAQ: HTZ) November 20 straddle priced for a move of 12.5% into the expected release of quarter results before the bell on October 27.

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Hertz Global (HTZ) PT Lowered to $25 at Oppenheimer

October 25, 2022 6:47 AM EDT

Oppenheimer analyst Ian Zaffino lowered the price target on Hertz Global (NASDAQ: HTZ) to $25.00 (from $31.00) while maintaining a Outperform rating.... More