Stay Ahead of the Game With Avis Budget (CAR) Q3 Earnings: Wall Street's Insights on Key Metrics

Core Insights - Wall Street analysts expect Avis Budget Group (CAR) to report quarterly earnings of $8.11 per share, reflecting a year-over-year increase of 22% [1] - Revenues are projected to be $3.48 billion, which is a slight increase of 0.1% from the same quarter last year [1] - The consensus EPS estimate has been revised 68.9% higher in the last 30 days, indicating a significant reevaluation by analysts [1] Revenue Estimates - Analysts project 'Geographic Revenue - International' to reach $843.11 million, indicating a year-over-year change of +0.4% [4] - The estimated 'Geographic Revenue - Americas' is $2.64 billion, showing no change from the previous year [4] Cost Estimates - 'Americas - Per-Unit Fleet Costs per Month' is expected to be $343.5, down from $384.0 in the previous year [5] - 'International - Per-Unit Fleet Costs per Month' is estimated at $290.8, compared to $316.0 last year [5] Rental Days and Utilization - 'International - Rental Days' is projected at 13,445 days, down from 13,864 days reported last year [6] - 'Americas - Revenue per Day, excluding exchange rate effects' is expected to be $74.86, compared to $75.61 in the same quarter last year [6] - 'Americas - Vehicle Utilization' is estimated at 72.0%, up from 71.5% last year [7] - 'International - Vehicle Utilization' is expected to be 73.0%, down from 73.7% reported last year [7] Fleet Estimates - 'Americas - Average Rental Fleet' is projected to be 532,693, slightly up from 531,261 last year [8] - 'Total - Rental Days' is expected to be 48,708 days, down from 48,786 days last year [8] - 'International - Average Rental Fleet' is estimated at 200,342, down from 204,580 last year [8] - The consensus for 'Total - Average Rental Fleet' is 733,035, compared to 735,841 reported last year [9] Market Performance - Avis Budget shares have decreased by 4% in the past month, contrasting with a +1.1% change in the Zacks S&P 500 composite [9] - The company holds a Zacks Rank 5 (Strong Sell), indicating expectations of underperformance in the near future [10]