Market Overview

A Preview Of Avis Budget Group's Q3 Earnings

Share:

Avis Budget Group, Inc. (NASDAQ: CAR) releases its next round of earnings this Monday, Nov. 5.

Earnings and Revenue

Avis EPS will likely be near $3.54 while revenue will be around $2.81 billion, according to analysts.

Avis reported a profit of $3.10 when it published results during the same quarter last year. Sales in that period totaled $2.75 billion. The Wall Street consensus estimate for earnings would represent a 14.19 percent increase for the company. Sales would be up 2.11 percent on a year-over-year basis. The company's reported EPS has stacked up against analyst estimates in the past like this:

 

Quarter Q2 2018 Q1 2018 Q4 2017 Q3 2017
EPS Estimate 0.57 -1.06 0.21 3.01
EPS Actual 0.57 -0.74 0.45 3.1

Stock Performance

Over the last 52-week period, shares of Avis Budget Group, Inc. have declined 26.68 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.

Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Avis stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.

Posted-In: Earnings News

 

Related Articles (CAR)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

e.l.f. Beauty Q3 Earnings Preview

Mylan's Q3 Earnings Preview