Avis Budget Group Inc reports results for the quarter ended December 31 - Earnings Summary

• Avis Budget Group Inc CAR.OQ reported a quarterly adjusted loss of $55.60​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $7.10. The mean expectation of nine analysts for the quarter was for a loss of 66 cents per share. Wall Street expected results to range from $-1.49 to -2 cents per share.

• Revenue fell 2% to $2.71 billion from a year ago; analysts expected $2.71 billion.

• Avis Budget Group Inc's reported EPS for the quarter was a loss of $55.60​.

• The company reported a quarterly loss of $1.96 billion.

• Avis Budget Group Inc shares had risen by 12.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 32.7% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the passenger transportation, ground & sea peer group is also "buy"

Wall Street's median 12-month price target for Avis Budget Group Inc is $128.00

This summary was machine generated from LSEG data February 11 at 09:58 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)