Analysts Estimate Avis Budget Group (CAR) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Avis Budget Group, with a consensus expectation of a quarterly loss of $2.83 per share, reflecting a -136.7% change from the previous year [2][5]. Financial Performance Expectations - Revenues for the upcoming quarter are projected to be $2.53 billion, which is a 1% decrease compared to the same quarter last year [2]. - The consensus EPS estimate has been revised down by 1.46% over the last 30 days, indicating a bearish sentiment among analysts [2]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows that Avis Budget has a negative Earnings ESP of -15.18%, suggesting analysts have become more pessimistic about the company's earnings prospects [5][6]. - The stock currently holds a Zacks Rank of 4, which further complicates the prediction of an earnings beat [5][6]. Historical Performance - In the last reported quarter, Avis Budget exceeded expectations by posting earnings of $7.10 per share against an expected $4.36, resulting in a surprise of +62.84% [7]. - The company has beaten consensus EPS estimates in the last four quarters, indicating a potential for positive surprises in the past [7]. Conclusion - Despite the historical ability to beat estimates, the current indicators suggest that Avis Budget may not be a strong candidate for an earnings beat in the upcoming report [8]. Investors should consider other factors beyond earnings expectations when evaluating this stock [8].