HRI Earnings Prediction
The chart below shows how HRI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HRI sees a +0.50% change in stock price 10 days leading up to the earnings, and a +4.09% change 10 days following the report. On the earnings day itself, the stock moves by -0.50%. This data can give you a slight idea of what to expect for the next quarter's release.
HRI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
965.00M
6.28%
13.80%
Gross Margin
36.48%
4.17%
12.07%
Operating Margin
23.73%
6.13%
28.97%
Net Margin
12.64%
1.61%
53.21%
EPS
4.28
8.08%
73.98%
No Data Available
HRI Earnings Analysis
Herc Holdings Inc. Corporation (HRI.N) Earnings Conference Call
Positive
Rental Revenue Surge: Rental revenue increased 13.2% in the third quarter, reflecting strong demand and effective pricing strategies.
Record Adjusted EBITDA Growth: Adjusted EBITDA rose 8.8% to a record $446 million, demonstrating robust operational performance.
EBITDA Margin Improvement: EBITDA margin expanded by 100 basis points, indicating improved profitability and cost management.
Expansion and Market Growth: Year-to-date, the company has acquired 26 locations and opened 16 greenfield branches, enhancing market share and revenue efficiency.
Quarterly Dividend Announcement: The company declared a quarterly dividend of $0.665, representing a $2.66 per share annualized payout, reflecting strong cash flow and commitment to returning value to shareholders.
Negative
Rental Revenue Increase: Rental revenue increased 1.3% year-over-year, which is lower than the expected growth rate.
EBITDA Margin Decline: Adjusted EBITDA margin decreased slightly compared to last year, indicating potential cost management issues.
Fleet Disposals Decline: Fleet disposals at OEC were 36% lower than last year, reflecting a slowdown in operational efficiency.
Interest Expense Impact: Net income was impacted by higher interest expenses related to increased borrowings for acquisitions, affecting overall profitability.
Market Demand Challenges: The company faced challenges in local market demand, which may hinder future growth projections.
HRI FAQs
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HRI Earning Call Sentiment
Herc Holdings Inc. (HRI) Q3 2024 Earnings Call Transcript
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HRI.N
-2.11%Positive
The earnings call summary shows strong financial performance, with increased EBITDA and expanded margins. The Q&A section indicates positive analyst sentiment, with management providing optimistic guidance and addressing growth in specialty and mega projects. The company's strategic investments in fleet and acquisitions, coupled with a stable leverage ratio and increased dividend, suggest solid financial health. The raised revenue guidance and favorable market conditions further support a positive outlook. Given the market cap, a positive stock price movement of 2% to 8% is expected over the next two weeks.