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HTZ Will Surge To After Earnings Call: $16 PT

Hertz is going to publish their quarter results today after the market close, the stock has extremely negative trend right now: down more than 4% ahead of earnings. Analysts are not too positive about the company's upcoming earnings, just 2 of them have either 'outperform' or 'buy' recommendation, while 6 analysts issued 'hold' recommendation. 

Hertz EPS is expected to be below 0 again, and this is truly frustrating for value investors (this is the main reason why I avoid the stock as of now), revenue is expected to grow. Taking into account that Hertz usually beats the revenue estimates, I think it might be enough for them to send the stock skyrocketing after-hours. Revenue consensus is about $1.75B while they reported $2.01B in Q4'2016:

Source: Financial Times

I think that the company is able to beat the revenue estimates third time in a row, EPS consensus of negative 85c is also 'beatable' - so I think HTZ will surge after-hours.

Agree or Disagree?

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HTZ Will Surge To After Earnings Call: $16 PT

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