Avis Budget Q3 2024 GAAP EPS $6.65 May Not Compare To $8.95 Estimate, Sales $3.48B Miss $3.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
Avis Budget Group reported Q3 2024 earnings with a GAAP EPS of $6.65, which may not compare to the $8.95 estimate. Sales were $3.48 billion, missing the $3.53 billion estimate and showing a 2.36% decrease from the previous year.
October 31, 2024 | 8:02 pm
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Avis Budget Group's Q3 2024 earnings report shows a GAAP EPS of $6.65, which may not be directly comparable to the $8.95 estimate. Sales of $3.48 billion missed the $3.53 billion estimate and decreased by 2.36% from the previous year.
The earnings per share of $6.65 may not be directly comparable to the $8.95 estimate, which could cause confusion among investors. Additionally, the sales miss and year-over-year decrease in sales are likely to negatively impact the stock price in the short term.
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