Hertz reports Q3 revenue growth but adjusted EPS misses estimates

Hertz Global Holdings reported third-quarter 2026 revenue of $2.62 billion, up 5.6% year over year, and adjusted EPS of $0.14. Adjusted corporate EBITDA was $233 million, while adjusted net income was $67 million. The earnings-per-share result missed the $0.25 consensus estimate by $0.11, and shares fell after the release.

The lower-than-expected adjusted EPS and EBITDA put pressure on Hertz shares after the results. The reported post-results share decline varies across materials, so the precise market reaction is uncertain.

  • 1Hertz reported Q3 2026 revenue of $2.62 billion, representing 5.6% year-over-year growth.
  • 2Adjusted EPS was $0.14 versus a $0.25 consensus estimate, a $0.11 miss.
  • 3Adjusted corporate EBITDA totaled $233 million and increased 15% year over year.
  • 4Adjusted net income was $67 million, while GAAP net income was $116 million compared with $184 million in Q3 2025.
  • 5Hertz ended the quarter with approximately $946 million of liquidity.
  • The reported post-results share decline is 9.5% in material 4 and 7% in material 5, likely reflecting different measurement times.
  • Revenue expectations differ across materials: material 4 reports $2.62 billion and in line, while material 5 reports a $2.63 billion estimate and a miss; material 2 reports a $20M miss without stating the estimate.

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