Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Herc Holdings Q3 revenue slightly beats on improved fleet efficiency

By Reuters News


Overview

  • U.S. equipment rental firm's Q3 revenue rose 5%, a slight beat versus analyst expectations

  • Adjusted EPS for Q3 was $3.91, beating analyst expectations

  • Company raised full-year 2026 revenue and adjusted EBITDA guidance


Outlook

  • Herc Holdings raises 2026 equipment rental revenue outlook to $4.475 bln-$4.55 bln

  • Company lifts 2026 adjusted EBITDA guidance to $2.10 bln-$2.15 bln

  • Herc Holdings now sees 2026 net rental equipment capex at $1.0 bln-$1.1 bln


Result Drivers

  • FLEET EFFICIENCY - Co attributed higher equipment rental revenue to improved fleet efficiency, disciplined deployment, pricing gains and specialty mix

  • MEGA-PROJECTS AND SPECIALTY - Co said robust mega-project volume and double-digit growth in specialty solutions business drove results

  • ACQUISITION SYNERGIES - Co said revenue synergies from H&E acquisition, specialty branch ramp-up and cross-selling contributed to Q3 growth


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Beat*

$1.36 bln

$1.35 bln (7 Analysts)

Q3 Adjusted EPS

Beat

$3.91

$2.90 (8 Analysts)

Q3 Adjusted Net Income

$131 mln

Q3 Net Income

$104 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

  • 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 $170.00, about 33.7% above its October 26 closing price of $127.13

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 18 three months ago


Reuters Recommended Reads

  • Oct 27 - UPS Q3 revenue rises 6.7%, lifts 2026 outlook

  • Oct 26 - Canada's Celestica Q3 revenue jumps 83% on higher customer demand, operating leverage; raises 2026 outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.