Hertz Global Is Poised for Fast Lane on Earnings

Hertz Global Holdings, Inc. is a global vehicle rental company that concentrates on airport services. The company operates under the brand names Hertz, Dollar and Thrifty. It also offers car sharing, leasing agreements and fleet management services. The auto rental company is due to release results after the close on Monday, May 7.

Hertz stock closed Friday at $21.37, down 3.3% year to date and in correction territory at 15% below its 2018 high of $25.14 set on Jan. 11. The stock is in bull market territory at 30.9% above its 2018 low of $16.32 set on Feb. 28. Analysts expect Hertz to report a loss of $1.28 per share when it reports earnings on Monday. The company has missed earnings estimates seven consecutive quarters. The consensus rating from investment analysts is “Hold.” (See also: Time to Buy Hertz at an 8-Year Low?)

Hertz Global is ‘too cheap to ignore’ given a P/E ratio of just 5.41. Charts show potential upside breakout. …read more

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Category: HTZ

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