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Avis Budget (CAR) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended December 2022, Avis Budget Group (CAR - Free Report) reported revenue of $2.77 billion, up 7.9% over the same period last year. EPS came in at $10.46, compared to $7.08 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.71 billion, representing a surprise of +2.11%. The company delivered an EPS surprise of +52.70%, with the consensus EPS estimate being $6.85.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Avis Budget performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Rental Days-International: 10680 Days versus 10679.26 Days estimated by three analysts on average.
Rental Days-Total-Car Rental: 39906 Days versus the three-analyst average estimate of 39928.25 Days.
Average Rental Fleet-Americas: 467331 versus 470663.7 estimated by three analysts on average.
Average Rental Fleet-Total-Car Rental: 647628 versus 648279.9 estimated by three analysts on average.
Rental Days-Americas: 29226 Days versus the three-analyst average estimate of 29248.99 Days.
Average Rental Fleet-International: 180297 versus the three-analyst average estimate of 177616.3.
Geographic Revenue - International: $567 million versus $591.01 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +20.9% change.
Geographic Revenue - Americas incl. US: $2.20 billion compared to the $2.13 billion average estimate based on three analysts. The reported number represents a change of +5% year over year.
Adjusted EBITDA-International: $63 million compared to the $61.76 million average estimate based on three analysts.
Adjusted EBITDA-Americas: $624 million versus $431.96 million estimated by three analysts on average.
Shares of Avis Budget have returned +12.5% over the past month versus the Zacks S&P 500 composite's +4.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Avis Budget (CAR) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended December 2022, Avis Budget Group (CAR - Free Report) reported revenue of $2.77 billion, up 7.9% over the same period last year. EPS came in at $10.46, compared to $7.08 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.71 billion, representing a surprise of +2.11%. The company delivered an EPS surprise of +52.70%, with the consensus EPS estimate being $6.85.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Avis Budget performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Avis Budget here>>>
Shares of Avis Budget have returned +12.5% over the past month versus the Zacks S&P 500 composite's +4.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.