Avis Budget Group (NAS: CAR) is expected to report Q3 earnings on Oct. 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Avis Budget Group's revenues will increase 35.1% and EPS will grow 50.0%.
The average estimate for revenue is $2.19 billion. On the bottom line, the average EPS estimate is $1.53.
Last quarter, Avis Budget Group tallied revenue of $1.87 billion. GAAP reported sales were 32% higher than the prior-year quarter's $1.41 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.94. GAAP EPS of $0.66 for Q2 were 57% higher than the prior-year quarter's $0.42 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 32.6%, 160 basis points better than the prior-year quarter. Operating margin was 17.0%, 10 basis points better than the prior-year quarter. Net margin was 4.2%, 50 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $7.34 billion. The average EPS estimate is $2.51.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 238 members out of 375 rating the stock outperform, and 137 members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Avis Budget Group a green thumbs-up, and 42 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avis Budget Group is buy, with an average price target of $23.67.
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The article Avis Budget Group Earnings Up Next originally appeared on Fool.com.
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