Herc Holdings Inc

HRI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$528.24	Tyykds	Ckmxmyncw

Herc Reports Solid Fourth-Quarter Results, Showing Rental Demand Remains Intact

Dawit Woldemariam

Feb 14, 2023

Herc reported solid numbers to end 2022, but investors sent the company’s shares down approximately 6% intraday. We think the negative sentiment was brought on by the company slightly missing consensus fourth-quarter EPS estimates (by roughly 3%). However, in our view, the company continued to show strength across the board, thanks to strong rental demand. The same factors we've discussed in recent quarters were at play, for example, constrained new equipment supply. This dynamic has led many construction contractors to rent equipment while supply chains correct.

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