Earnings Preview: Avis Budget Group (CAR) Q1 Earnings Expected to Decline

Avis Budget Group (CAR) - Wall Street anticipates a year-over-year decline in earnings for Avis Budget Group, with an expected loss of $5.56 per share, reflecting a -73.2% change, and revenues projected at $2.52 billion, down 1.2% from the previous year [3][12] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook among analysts [4] - The Most Accurate Estimate for Avis Budget is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -6.54%, suggesting a bearish sentiment among analysts [10][11] Earnings Expectations - The upcoming earnings report is scheduled for May 7, and the stock may react positively if actual results exceed expectations, while a miss could lead to a decline [2] - Historical performance shows that Avis Budget has beaten consensus EPS estimates only once in the last four quarters, with a notable surprise of +76.04% in the last reported quarter [12][13] Comparison with Industry Peers - In contrast, Expeditors International (EXPD) is expected to report earnings of $1.30 per share, indicating a year-over-year increase of +11.1%, with revenues projected at $2.43 billion, up 9.9% from the previous year [17] - Expeditors International has an Earnings ESP of 3.76%, suggesting a higher likelihood of beating the consensus EPS estimate, having surpassed estimates three times in the last four quarters [18]