Avis Budget Group Inc reports results for the quarter ended September 30 - Earnings Summary

Avis Budget

Tue 22:03

Avis Budget Group Inc CAR.OQ reported quarterly adjusted earnings of $5.15​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $10.11.  The mean expectation of eight analysts for the quarter was for earnings of $8.55 per share. Wall Street expected results to range from $7.50  to $9.55 per share.
Revenue fell 2.4% to $3.44 billion from a year ago; analysts expected $3.42 billion. 
Avis Budget Group Inc's reported EPS for the quarter was $5.15​.
The company reported quarterly net income of $183 million.
Avis Budget Group Inc shares had risen by 4.5% this quarter and lost 13.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 3% in the last three months.​ 
In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 6 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the passenger transportation, ground & sea peer group is  "buy."
Wall Street's median 12-month price target for Avis Budget Group Inc is $122.50, about 9% above its last closing price of $111.52
This summary was machine generated from LSEG data November 3 at 10:03 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Sep. 30 2026 
8.55
5.15
Missed
Jun. 30 2026 
1.80
0.98
Missed
Mar. 31 2026 
-6.84
-7.85
Missed
Dec. 31 2025 
-0.42
-3.23
Missed