Dollar Thrifty First Quarter Earnings Sneak Peek

Dollar Thrifty Automotive Group Inc. (NYSE:DTG) will unveil its latest earnings on Wednesday, May 9, 2012. 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 analyst estimate is for net income of $1.35 per share, a rise of more than twofold from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 73 cents. Between one and three months ago, the average estimate moved up. It has risen from $1.29 during the last month. Analysts are projecting profit to rise by 2.1% compared to last year’s $5.24.

Past Earnings Performance: Last quarter, the company beat estimates by 34 cents, coming in at profit of $1.09 a share versus the estimate of net income of 75 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 2.5% in revenue from the year-earlier quarter to $357.1 million.

Analyst Ratings: The limited number of analysts covering the stock seem relatively indifferent about Dollar Thrifty Automotive Group with two of three analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose more than twofold to $33.9 million ($1.08 a share) from $12.5 million (41 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 1.3% to $353.7 million from $349.1 million.

Key Stats:

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 0.6% in the second quarter of the last fiscal year and 35.5% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 1.8% in the third quarter of the last fiscal year before climbing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 7, 2012 and May 3, 2012, the stock price rose $7.10 (9.5%), from $74.87 to $81.97. The stock price saw one of its best stretches over the last year between December 30, 2011 and January 12, 2012, when shares rose for nine straight days, increasing 3.3% (+$2.35) 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, dropping 8.6% (-$5.57) over that span.

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

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