Avis Budget Group CAR announces its next round of earnings this Thursday. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement.
Earnings and Revenue
Wall Street analysts see Avis Budget Group reporting earnings of $3.65 per share on revenue of $2.86 billion.
Avis Budget Group reported a profit of $3.33 when it published results during the same quarter last year. Sales in that period totaled $2.78 billion. If the company were to post earnings inline with the consensus estimate when it reports Thursday, EPS would be up 9.61%. Sales would be have grown 2.95% from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | 0.730 | -1.000 | 0.37 | 3.54 | 0.57 |
| EPS Actual | 0.790 | -0.780 | 0.53 | 3.33 | 0.57 |
Stock Performance
Over the last 52-week period, shares are up 9.71%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts generally rate Avis Budget Group stock as Neutral. The strength of this rating has maintained conviction over the past three months.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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