Hertz Faces Tough Road Ahead, Analyst Says Earnings Recovery Unlikely Before 2026

1. JPMorgan maintains an Underweight rating on Hertz due to growth concerns. 2. Hertz's earnings strength stems from temporary cyclical factors, not sustainable drivers. 3. The company expects negative cash flow in 2024 and 2025, hindering share repurchase. 4. First-quarter revenue fell to $1.81 billion, missing the $2 billion expectation. 5. Despite partnerships for efficiency, Hertz's future earnings are not expected to improve until after 2026.