Avis Budget Group Beats on Revenue, Matches Expectations on EPS
Avis Budget Group (NAS: CAR) reported earnings on Feb. 13. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Avis Budget Group beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP loss per share shrank.
Gross margins contracted, operating margins shrank, net margins grew.
Avis Budget Group tallied revenue of $1.70 billion. The six analysts polled by S&P Capital IQ expected a top line of $1.64 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.07. The eight earnings estimates compiled by S&P Capital IQ averaged -$0.07 per share. GAAP EPS were -$0.43 for Q4 compared to -$1.66 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.0%, 380 basis points worse than the prior-year quarter. Operating margin was 6.5%, 50 basis points worse than the prior-year quarter. Net margin was -2.7%, 770 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.66 billion. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $7.60 billion. The average EPS estimate is $2.49.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 247 members out of 381 rating the stock outperform, and 134 members rating it underperform. Among 106 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Avis Budget Group a green thumbs-up, and 38 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 $23.86.
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The article Avis Budget Group Beats on Revenue, Matches Expectations on EPS originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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