Herc Holdings Inc
HRI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$951.65 | Yxvgqy | Nxkwmhkll |
Herc Holdings Earnings: Market Sours on Earnings, but We Think 2023 Will Still Be Positive
Herc Holdings’ stock fell nearly 4% in intraday trading on July 25, following second-quarter earnings. We believe the market reacted negatively to the company missing FactSet consensus estimates for both sales and earnings per share. However, we didn’t think the miss was big enough to get concerned about the balance of the year. In our view, Herc is still poised to grow both its top and bottom lines by over 20% in 2023, and we leave our $140 fair value estimate unchanged.