Preview: Avis Budget Gr's Earnings
Portfolio Pulse from Benzinga Insights
Avis Budget Gr (NASDAQ:CAR) is set to release its latest quarterly earnings report on July 31, 2023. Analysts estimate an earnings per share (EPS) of $9.79. The company's past performance shows a pattern of beating EPS estimates but experiencing a drop in share price the following day. The stock is currently trading at $219.0, up 20.86% over the last 52-week period.
July 28, 2023 | 4:02 pm
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Avis Budget Gr is expected to report an EPS of $9.79 in its upcoming earnings report. Despite beating EPS estimates in the past, the company's share price has typically dropped the following day. The stock is currently up 20.86% over the last 52 weeks.
Avis Budget Gr has a history of beating EPS estimates, which is generally a positive signal for investors. However, the company's share price has typically dropped the following day, indicating that investors may be focusing more on the company's guidance than its earnings. Given the stock's positive performance over the last 52 weeks, long-term shareholders are likely to remain bullish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100