Earnings Outlook For Avis Budget Gr
Portfolio Pulse from Benzinga Insights
Avis Budget Group (NASDAQ:CAR) is scheduled to release its quarterly earnings report on February 12, 2024. Analysts predict an EPS of $4.15. The company's past earnings performance shows a history of beating EPS estimates, which has sometimes led to significant share price movements the following day. Shares of Avis Budget Group were trading at $166.14 as of February 7, with a 52-week performance showing a 24.65% decline. Investors are keenly awaiting not just the earnings results but also the company's guidance for future quarters.
February 09, 2024 | 2:01 pm
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Avis Budget Group is expected to report an EPS of $4.15 for the upcoming quarter. Historical data shows its ability to beat EPS estimates, potentially influencing its stock price positively if the trend continues.
Given Avis Budget Group's history of beating EPS estimates and the subsequent positive impact on its stock price, a similar outcome could be expected if the company beats the EPS estimate again. However, the stock's recent 52-week performance indicates a downward trend, suggesting that investors may also weigh other factors such as future guidance heavily.
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