Avis Budget Gr Q2 EPS $11.01 Vs. $15.71 Prior Year, Sales $3.12B Miss $3.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
Avis Budget Gr (NASDAQ:CAR) reported Q2 earnings of $11.01 per share, a decrease from $15.71 per share last year. Quarterly sales were $3.12 billion, missing the analyst consensus estimate of $3.19 billion by 2.13 percent, and marking a 3.73 percent decrease from the same period last year.
July 31, 2023 | 8:16 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Avis Budget Gr's Q2 earnings and sales have decreased compared to the same period last year, and sales have missed analyst estimates.
Avis Budget Gr's lower than expected earnings and sales could negatively impact investor sentiment, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100