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Benzinga
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Top Wall Street Forecasters Revamp Hertz Global Expectations Ahead Of Q1 Earnings

1. Hertz expects Q1 losses at 98 cents per share, improved from $1.28. 2. Projected revenue is $2.01 billion, a decline from $2.08 billion year-over-year. 3. Pershing Square acquired a 4.1% stake, buying 12.71 million shares. 4. Hertz shares rose 7.7% to $6.72 recently. 5. Analysts show mixed reactions; price targets are generally reduced.

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FAQ

Why Neutral?

Earnings estimates show improvement, which may stabilize stock performance yet recent revenue decline raises concerns.

How important is it?

The earnings report and analyst ratings reflect immediate concerns, including how they affect investor confidence and market perception.

Why Short Term?

Earnings results will be released soon, potentially affecting stock prices directly in the immediate future.

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