Hertz Q1 Revenue Climbs 5.5% to $2B, Adjusted EPS Loss Narrows to $0.72
HTZ•Hertz Global reported Q1 revenue of $2.0 billion, topping estimates of $1.88 billion as Revenue Per Day rose 5.5%. Adjusted EPS loss narrowed to $0.72 versus a $0.76 estimate, cutting net loss by $105 million year-over-year while maintaining a 2.04 current ratio.
1. Revenue and RPD Growth
Hertz generated $2.0 billion in Q1 revenue, surpassing the $1.88 billion estimate, driven by a 5.5% increase in Revenue Per Day. This marks the strongest year-over-year top-line growth in three years for the car rental company.
2. EPS Performance
The company reported a GAAP EPS loss of $1.06, missing forecasts, but its adjusted EPS loss narrowed to $0.72 per share, outperforming the $0.76 estimate and reflecting underlying operational improvements.
3. Net Loss Improvement
Adjusted net loss totaled $224 million in Q1, a reduction of $105 million from $329 million in the year-ago quarter, indicating enhanced cost management and improved efficiency.
4. Liquidity and Valuation Metrics
Hertz’s current ratio remained healthy at 2.04, signaling strong short-term liquidity, while its trailing P/E ratio stands at -3.16 due to the ongoing net loss.
