Avis Budget Group, Inc. Second Quarter Earnings Sneak Peek

Avis Budget Group, Inc. (NASDAQ:CAR) will unveil its latest earnings on Wednesday, August 3, 2011. Avis Budget Group, Inc. 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 31 cents per share, a rise of 24% 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 28 cents. For the year, analysts are projecting profit of $1.53 per share, a rise of 70% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 16 cents, reporting net income of 11 cents per share against a mean estimate of net loss of 5 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.36 billion in revenue this quarter, a rise of 5.4% from the year ago quarter. Analysts are forecasting total revenue of $5.47 billion for the year, a rise of 5.6% from last year’s revenue of $5.18 billion.

Analyst Ratings: Analysts are bullish on this stock with six analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

Key Stats:

Revenue has now gone up for three straight quarters. In first quarter, revenue rose 7.1% to $1.24 billion while the figure rose 5.7% in the fourth quarter of the last fiscal year from the year earlier and 3.2% in the third quarter of the last fiscal year.

Competitors to Watch: Dollar Thrifty Automotive Group, Inc. (NYSE:DTG), Hertz Global Hldgs., Inc. (NYSE:HTZ), AMERCO (NASDAQ:UHAL), Franchise Services of North America Inc. (FSN), EV Transportation Inc (EVTP), Zipcar, Inc. (NASDAQ:ZIP), Ryder System, Inc. (NYSE:R), and Tourism Holdings Limited (THL).

Stock Price Performance: During May 3, 2011 to July 28, 2011, the stock price had fallen $2.90 (-16.1%) from $18.06 to $15.16. The stock price saw one of its best stretches over the last year between February 2, 2011 and February 17, 2011 when shares rose for 12-straight days, rising 17% (+$2.40) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 12.7% (-$2.26) over that span. Shares are down 40 cents (-2.6%) year to date.

(Source: Xignite Financials)

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