Dollar Thrifty Automotive Group Second Quarter Earnings Sneak Peek

Dollar Thrifty Automotive Group Inc. (NASDAQ:DTG) will unveil its latest earnings on Monday, August 8, 2011. Dollar Thrifty Automotive Group, Inc. operates in the U.S. 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 profit of $1.31 per share, a rise of 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 $1.16. For the year, analysts are projecting net income of $4.65 per share, a rise of 9.7% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 53 cents per share against a mean estimate of net income of 37 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $408.6 million in revenue this quarter, a rise of 3.1% from the year ago quarter. Analysts are forecasting total revenue of $1.58 billion for the year, a rise of 2.6% from last year’s revenue of $1.54 billion.

Analyst Ratings: Analysts seem relatively indifferent about Dollar Thrifty Automotive Group with three of four analysts surveyed maintaining a hold rating.

Key Stats:

The decrease in profit in the first quarter breaks a streak of three consecutive quarters of year-over-year profit increases. Net income fell 39.5% in the first quarter from the year earlier, while the figure rose 9% in the fourth quarter of the last fiscal year, 63.4% in the third quarter of the last fiscal year and more than threefold in the second quarter of the last fiscal year.

Revenue has now gone up for three straight quarters. In first quarter, revenue rose 0% to $348.3 million while the figure rose 1.1% in the fourth quarter of the last fiscal year from the year earlier and 1.1% in the third quarter of the last fiscal year.

Competitors to Watch: Avis Budget Group Inc. (NYSE:CAR), Hertz Global Hldgs., Inc. (NYSE:HTZ), EV Transportation Inc (EVTP), Avis Europe plc (AVE), Helphire Group plc (NYSE:HHR), Localiza Rent a Car SA (RENT3), Premier Enterprise PCL (PE), A.S.G. (Andy Spyrou) Group Public Ltd (NYSE:ASG), and Krungthai Car Rent & Lease PCL (KCAR).

Stock Price Performance: During June 6, 2011 to August 2, 2011, the stock price had fallen $11.78 (-14.4%) from $81.83 to $70.05. 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 December 10, 2010 and December 20, 2010 when shares fell for seven-straight days, falling 2% (-97 cents) over that span. Shares are up $22.79 (+48.2%) year to date.

(Source: Xignite Financials)

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