Dollar Thrifty Automotive Group Inc. Third Quarter Earnings on Deck

Dollar Thrifty Automotive Group Inc. (NYSE:DTG) will unveil its latest earnings on Tuesday, November 1, 2011. Dollar Thrifty Automotive Group operates in the United States and Canada and, through its Dollar and Thrifty brands, is mainly engaged in the business of the daily rental of vehicles to business and leisure customers through company-owned stores.

Dollar Thrifty Automotive Group Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.99 per share, a rise of 14.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.94. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.99 during the last month. Analysts are projecting profit to rise by 10.8% versus last year to $4.70.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 6 cents, reporting profit of $1.37 per share against a mean estimate of net income of $1.31. In the first quarter, the company exceeded forecasts by 16 cents with profit of 53 cents versus a mean estimate of net income of 37 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 1% in revenue from the year-earlier quarter to $447.8 million.

Analyst Ratings: Analysts are bullish on Dollar Thrifty Automotive Group as two analysts rate it as a buy, none rate it as a sell and two rate it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the second quarter, profit rose 0.6% to $42.5 million ($1.36 a share) from $42.3 million ($1.40 a share) the year earlier, exceeding analyst expectations. Revenue fell 0.3% to $395.1 million from $396.2 million.

Key Stats:

A year-over-year revenue decrease in the second quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 0%in the first quarter, 1.1% in the fourth quarter of the last fiscal year and 1.1% in the third quarter of the last fiscal year.

The increase in profit in the second quarter came after net income fell in the previous quarter. In the first quarter, net income fell 39.5%.

Competitors to Watch: Avis Budget Group Inc. (NYSE:CAR), Hertz Global Hldgs., Inc. (NYSE:HTZ), Helphire Group plc (NYSE:HHR), A.S.G. (Andy Spyrou) Group Public Ltd (NYSE:ASG).

Stock Price Performance: During August 2, 2011 to October 26, 2011, the stock price had fallen $8.40 (-12%) from $70.05 to $61.65. The stock price saw one of its best stretches over the last year between March 10, 2011 and April 1, 2011 when shares rose for 17-straight days, rising 23.1% (+$12.51) over that span. It saw one of its worst periods between September 14, 2011 and September 26, 2011 when shares fell for nine-straight days, falling 8.6% (-$5.57) over that span. Shares are up $14.39 (+30.4%) year to date.

(Source: Xignite Financials)

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