Herc Holdings shares rose 23.4% as of 2:21 p.m. EDT after the construction equipment rental company reported third-quarter results that beat expectations on both revenue and adjusted earnings and raised its full-year guidance. Revenue rose 4.6% to $1.36 billion, while adjusted earnings per share jumped 76.1% to $3.91, driven by a 12% increase in equipment rental revenue and a 3.6 percentage-point rise in utilization. The article links these gains to the integration of H&E Equipment Services, which closed in June 2025, and to mega-projects in areas such as data centers and oil and gas. Before the rally, the stock traded at a steep discount to peers such as United Rentals and Sunbelt Rentals amid concerns about debt from the H&E acquisition. After the move, the stock trades at roughly 21.5 times 2026 adjusted earnings estimates and about 14.4 times 2027 estimates.
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