Yahoo Finance Avis Budget Group First Quarter 2023 Earnings: EPS Beats Expectations
Avis Budget Group (NASDAQ:CAR) First Quarter 2023 Results
Key Financial Results
Revenue: US$2.56b (up 5.1% from 1Q 2022).
Net income: US$312.0m (down 41% from 1Q 2022).
Profit margin: 12% (down from 22% in 1Q 2022). The decrease in margin was driven by higher expenses.
EPS: US$7.88 (down from US$9.96 in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Avis Budget Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 67%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.9% growth forecast for the Transportation industry in the US.
Performance of the American Transportation industry.
The company's shares are up 3.4% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Avis Budget Group has 3 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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