Herc Holdings Inc. (NYSE:HRI) shareholders are probably feeling a little disappointed, since its shares fell 3.6% to US$146 in the week after its latest quarterly results. Revenues were in line with forecasts, at US$848m, although statutory earnings per share came in 13% below what the analysts expected, at US$2.46 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for Herc Holdings

Following the latest results, Herc Holdings' nine analysts are now forecasting revenues of US$3.48b in 2024. This would be a credible 2.7% improvement in revenue compared to the last 12 months. Per-share earnings are expected to grow 13% to US$13.53. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$3.46b and earnings per share (EPS) of US$13.75 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$187. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Herc Holdings, with the most bullish analyst valuing it at US$307 and the most bearish at US$125 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Herc Holdings' past performance and to peers in the same industry. We would highlight that Herc Holdings' revenue growth is expected to slow, with the forecast 5.5% annualised growth rate until the end of 2024 being well below the historical 14% p.a. growth over the last five years. Compare this to the 62 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 5.6% per year. So it's pretty clear that, while Herc Holdings' revenue growth is expected to slow, it's expected to grow roughly in line with the industry.