Avis Budget Group Inc. Fourth Quarter Earnings Sneak Peek

Avis Budget Group, Inc. (NASDAQ:CAR) will unveil its latest earnings on Wednesday, February 15, 2012. Avis Budget Group provides car and truck rentals and ancillary services to businesses and consumers in the United States and internationally.

Avis Budget Group, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 6 cents per share, up from net loss of 6 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from 7 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 6 cents during the last month. Analysts are projecting profit to rise by 102.2% versus last year to $1.82.

Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at profit of $1.02 a share versus the estimate of net income of 99 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts predict a rise of 35% in revenue from the year-earlier quarter to $1.66 billion.

Analyst Ratings: Analysts are optimistic about this stock, with four analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the third quarter, profit fell 8.9% to $82 million (65 cents a share) from $90 million (73 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 7.3% to $1.62 billion from $1.51 billion.

Key Stats:

Revenue has increased in each of the past four quarters. Revenue rose 9.1% in the second quarter from the year earlier, climbed 7.1% in the first quarter from the year-ago quarter and 5.7% in the fourth quarter of the last fiscal year.

Stock Price Performance: Between December 12, 2011 and February 9, 2012, the stock price had risen $3.60 (31.6%), from $11.39 to $14.99. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 12, 2011, when shares rose for eight straight days, increasing 35% (+$3.11) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 18% (-$2.47) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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