Avis Budget Gr Q4 EPS $7.10 Beats $4.15 Estimate, Sales $2.76B Miss $2.81B Estimate
Portfolio Pulse from Happy Mohamed
Avis Budget Group (NASDAQ:CAR) reported Q4 earnings of $7.10 per share, surpassing the $4.15 estimate, but missed sales estimates with $2.76B against the expected $2.81B. This represents a 32.12% decrease in earnings and a 0.25% decrease in sales from the same period last year.
February 12, 2024 | 9:08 pm
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Avis Budget Group reported higher-than-expected Q4 earnings at $7.10 per share but missed on sales with $2.76B versus the $2.81B estimate.
While the earnings per share significantly exceeded expectations, the slight miss on sales forecasts could temper investor enthusiasm. The mixed results—strong earnings but slightly weaker sales—suggest a neutral short-term impact on the stock price as investors weigh the positives against the negatives.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100