Hertz continues to miss earning targets


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  • | 11:00 a.m. March 16, 2018
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The Wall Street blogger/media/investor crowd — not a bunch known for its patience — is hammering Hertz.

The Estero-based rental car company, with a $1.71 billion market capitalization, remains a leader in the industry, at least when measuring fleet size. But a string of disappointing earnings quarters, accounting issues and changes in upper management have dented the company's image and wrecked its share value. And the Uber and Lyft ride-sharing led industry disruption continues to bite away at the company's traditional airport-based model.

Headlines of recent posts that track the company include: “Hertz Global Holdings is a Train Wreck,” on Valuewalk.com March 12; “Will Carl Icahn Win his Bet on Hertz as Well?” on Seeking Alpha March 5; and “Hertz Faces Bigger-Than-Expected Loss as Fix-It Costs Rise,” on Bloomberg Feb. 27, the day it posted 2017 fourth-quarter earnings.

 

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