Inside Avis Budget Group Inc.’s Upcoming Third Quarter Earnings Release

Avis Budget Group, Inc. (NASDAQ:CAR) will unveil its latest earnings on Wednesday, November 2, 2011. 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 profit of 99 cents per share, a rise of 26.9% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net income of $1.85 per share, a rise of more than twofold 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 32 cents, reporting profit of 63 cents per share against a mean estimate of net income of 31 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 6% in revenue from the year-earlier quarter to $1.6 billion.

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

A Look Back: In the second quarter, profit rose twofold to $52 million (42 cents a share) from $26 million (22 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 9.1% to $1.41 billion from $1.29 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 7.1% in the first quarter from the year earlier, climbed 5.7% in the fourth quarter of the last fiscal year from the year-ago quarter 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), Zipcar, Inc. (NASDAQ:ZIP), Ryder System, Inc. (NYSE:R).

Stock Price Performance: During September 29, 2011 to October 27, 2011, the stock price had risen $4.27 (42.4%) from $10.08 to $14.35. 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 $1.21 (-7.8%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.