Avis Budget Group Q4 Revenue Seen Growing 1.3% to $2.74 Billion
Avis Budget Group’s Q4 revenue is expected to rise 1.3% year-on-year to $2.74 billion, marking a reversal from a 2% decline in the same quarter last year. In the prior quarter, the company generated $3.52 billion in revenue (up 1.1% YoY) with a 1.8% revenue beat and 68.65 million rental days (up 1.4%).
1. Q4 Earnings Outlook
Analysts forecast Avis Budget Group’s Q4 revenue at $2.74 billion, up 1.3% year-on-year, and an adjusted loss of $0.38 per share, reversing a 2% revenue decline in the same quarter last year.
2. Prior Quarter Results
In the previous quarter, the company reported $3.52 billion in revenue, a 1.1% increase year-on-year, beating analysts’ expectations by 1.8%, and logged 68.65 million available rental days (car), up 1.4%.
3. Analyst Estimates and Peer Comparison
Analysts have maintained their revenue and EPS estimates over the past 30 days; Avis has missed revenue forecasts five times in the last two years. Peer XPO achieved 4.7% revenue growth and a 2.9% beat, while Old Dominion Freight Line saw a 5.7% decline in revenue, both stocks rallied post-results.
4. Market Sentiment and Price Targets
Ground transportation stocks gained 8.1% on average last month, whereas Avis shares fell 2%. The average analyst price target of $139.43 versus the current ~$119 level implies roughly 17% potential upside.