5 Companies That Topped Profit Expectations

3. Hertz Global Holdings, Inc. (NASDAQ:HTZ)

Number of Hedge Fund Holders: 55

Shares of Hertz Global Holdings, Inc. (NASDAQ:HTZ) jumped nearly 15 percent on Thursday, February 24, 2022, after the Florida-based car rental company topped profit expectations for the fourth quarter.

Hertz Global Holdings, Inc. (NASDAQ:HTZ) reported adjusted earnings of 91 cents per share, compared to a loss of $1.20 per share in the fourth quarter of 2020. The latest quarterly earnings easily surpassed the consensus of 76 cents per share.

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In addition, Hertz Global Holdings, Inc. (NASDAQ:HTZ) posted revenue of $1.95 billion for the quarter. The revenue numbers represented a decent surge of 78 percent on a year-over-year basis but came in slightly below analysts’ average estimate of $1.98 billion

Speaking on the results, CEO Mark Fields said in a statement:

“2021 was a transformative year for Hertz. Sustained structural improvements and disciplined fleet management contributed to a strong performance across our top and bottom line, despite the challenges presented by COVID, supply chain constraints and labor shortages.”