Market Overview

A Preview Of Avis Budget Group's Earnings

Share:

Avis Budget Group (NASDAQ: 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.

Posted-In: Earnings News

 

Related Articles (CAR)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
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.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
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