A Preview Of Avis Budget Group's Q3 Earnings

Avis Budget Group, Inc. 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:

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.