Herc Holdings Set to Report Q2 Earnings Amid Mixed Peer Results

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Herc Holdings will announce its second-quarter earnings this Tuesday before the bell. The equipment rental company previously reported revenues of $1.14 billion last quarter, up 32.3% year on year, but its full-year revenue guidance missed analyst expectations significantly. For this quarter, the market expects revenue growth of 14.6% year on year, a slowdown from the 18.2% increase in the same quarter last year. Among peers in the industrial distributors segment, Richardson Electronics posted a 27.6% revenue gain and beat estimates by 19.6%, while United Rentals grew revenues 11.8% and topped estimates by 4.9%. Herc shares are up 11.1% over the last month, heading into earnings with an average analyst price target of $174.83 compared to the current share price of $162.59.

Impact on stocks 3

Industrials · 1 stocks
Herc Holdings Inc
HRI
± MixedCapitalrelevance

Herc Holdings is about to report Q2 earnings; prior guidance miss and mixed peer results create uncertainty.

Energy Transition & Power Demand · 1 stocks
Richardson Electronics Ltd
RELL
▲ PositiveDemandrelevance

Richardson Electronics posted a 27.6% revenue gain and beat estimates by 19.6%, indicating strong demand.

Artificial Intelligence · 1 stocks
United Rentals Inc
URI
▲ PositiveDemandrelevance

United Rentals grew revenues 11.8% and topped estimates by 4.9%, reflecting solid demand.