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Hertz:Quarterly Results/2022 Q4: Difference between revisions
Hertz:Quarterly Results/2022 Q4 (view source)
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The company also gave upbeat guidance for Q1, Q2, and Q3. Seasonally, Q1 is normally less than Q4, but Hertz now expects it to be flat. For Q2 and Q3, Hertz expects revenue to rise sequentially as rates and volume increases. However, it forecasts Q4 to move down seasonally from those levels. | The company also gave upbeat guidance for Q1, Q2, and Q3. Seasonally, Q1 is normally less than Q4, but Hertz now expects it to be flat. For Q2 and Q3, Hertz expects revenue to rise sequentially as rates and volume increases. However, it forecasts Q4 to move down seasonally from those levels. | ||
Already, Hertz is seeing Q4 trends in January as Business from corporate travelers is up 28% year-over-year, while international inbound travel is up 56%. | Already, Hertz is seeing Q4 trends in January as Business from corporate travelers is up 28% year-over-year, while international inbound travel is up 56%. Its European business is also witnessing positive trend with rate up 20% in January compared to the same month in 2021. | ||
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== Analyst Expectations<ref>https://www.cnbc.com/2023/02/07/hertz-htz-earnings-q4-2022.html</ref> == | |||
==Analyst Expectations<ref>https://www.cnbc.com/2023/02/07/hertz-htz-earnings-q4-2022.html</ref>== | |||
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== Implications for [[Sixt:Quarterly Results/2022 Q4|Sixt]] == | ==Implications for [[Sixt:Quarterly Results/2022 Q4|Sixt]]== | ||
Which implications for Sixt can we derive from studying Hertz? | Which implications for Sixt can we derive from studying Hertz? | ||
E.g. How much did rates for Hertz increase? Is the overall market growing and we can expect Sixt to profit from that as well or is Hertz taking making share? | E.g. How much did rates for Hertz increase? Is the overall market growing and we can expect Sixt to profit from that as well or is Hertz taking making share? | ||
== References == | == References== | ||
<references /> | |||