Herc Holdings beats Q2 revenue estimates, lifts 2026 outlook

Revenue growth was driven by the larger fleet size and capacity following the H&E acquisition, Herc said.

Increased volume on mega projects and a higher mix of specialty equipment rentals also contributed to growth. Improved fleet efficiency and a favorable shift in rental mix supported higher dollar utilization.

The current average analyst rating on the shares is "buy", with 8 "strong buy" or "buy" recommendations, 2 "hold" ratings and 1 "sell" or "strong sell" rating.

The average consensus recommendation for the business support services peer group is "buy".

Wall Street's median 12-month price target for Herc Holdings Inc is $175.00, about 9.4% above its July 27 closing price of $160.00.

The stock recently traded at 20 times the next 12-month earnings, versus a P/E of 13 three months ago.