Avis Budget Gr Q2 2024 GAAP EPS $0.41 May Not Compare To $2.71 Estimate, Sales $3.048B Miss $3.138B Estimate
Portfolio Pulse from Benzinga Newsdesk
Avis Budget Group reported Q2 2024 GAAP EPS of $0.41, which fell short of the $2.71 estimate. Additionally, sales were $3.048 billion, missing the $3.138 billion estimate.
August 05, 2024 | 8:01 pm
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Avis Budget Group's Q2 2024 earnings and sales both missed estimates, with GAAP EPS at $0.41 versus the $2.71 estimate and sales at $3.048 billion versus the $3.138 billion estimate.
The significant miss on both EPS and sales estimates is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100