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Herc Holdings (HRI) Surges 8.1%: Is This an Indication of Further Gains?
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Herc Holdings (HRI - Free Report) shares rallied 8.1% in the last trading session to close at $163.25. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.5% gain over the past four weeks.
The uptick followed the bullishness surrounding the company's upcoming second-quarter 2026 earnings (scheduled for July 28). The stock has attracted positive target price revisions from many analysts recently. For example, Citigroup recently increased the price target on HRI from $155 to $175 and assigned a "buy" rating on the stock.
This equipment rental supplier is expected to post quarterly earnings of $0.76 per share in its upcoming report, which represents a year-over-year change of -59.4%. Revenues are expected to be $1.15 billion, up 16.8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Herc Holdings, the consensus EPS estimate for the quarter has been revised 6.1% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on HRI going forward to see if this recent jump can turn into more strength down the road.
Herc Holdings is a member of the Zacks Transportation - Equipment and Leasing industry. One other stock in the same industry, AerCap (AER - Free Report) , finished the last trading session 1.4% lower at $148.57. AER has returned 1.8% over the past month.
For AerCap, the consensus EPS estimate for the upcoming report has changed +0.1% over the past month to $3.94. This represents a change of +39.2% from what the company reported a year ago. AerCap currently has a Zacks Rank of #2 (Buy).
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Herc Holdings (HRI) Surges 8.1%: Is This an Indication of Further Gains?
Herc Holdings (HRI - Free Report) shares rallied 8.1% in the last trading session to close at $163.25. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.5% gain over the past four weeks.
The uptick followed the bullishness surrounding the company's upcoming second-quarter 2026 earnings (scheduled for July 28). The stock has attracted positive target price revisions from many analysts recently. For example, Citigroup recently increased the price target on HRI from $155 to $175 and assigned a "buy" rating on the stock.
This equipment rental supplier is expected to post quarterly earnings of $0.76 per share in its upcoming report, which represents a year-over-year change of -59.4%. Revenues are expected to be $1.15 billion, up 16.8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Herc Holdings, the consensus EPS estimate for the quarter has been revised 6.1% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on HRI going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Herc Holdings is a member of the Zacks Transportation - Equipment and Leasing industry. One other stock in the same industry, AerCap (AER - Free Report) , finished the last trading session 1.4% lower at $148.57. AER has returned 1.8% over the past month.
For AerCap, the consensus EPS estimate for the upcoming report has changed +0.1% over the past month to $3.94. This represents a change of +39.2% from what the company reported a year ago. AerCap currently has a Zacks Rank of #2 (Buy).