Avis Budget Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Avis Budget Group, Inc. (NASDAQ:CAR) is set to release its Q2 earnings on Aug. 5, 2024. Analysts expect a significant drop in EPS from $11.01 to $2.58 and project revenue of $3.14 billion. Recent analyst ratings show mixed sentiments with price target cuts from Goldman Sachs, B of A Securities, Susquehanna, and Morgan Stanley, while Northcoast Research upgraded the stock to Buy.
August 05, 2024 | 12:11 pm
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Avis Budget Group is expected to report a significant drop in EPS for Q2 2024, from $11.01 to $2.58, with projected revenue of $3.14 billion. Recent analyst ratings show mixed sentiments, with several price target cuts and one upgrade.
The significant drop in expected EPS and mixed analyst ratings, including multiple price target cuts, suggest a negative short-term impact on the stock price. The recent 10.7% drop in share price further supports this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100