Avis Budget Group (CAR) Tops Q4 EPS by 24c

Avis Budget Group (NASDAQ: CAR) reported Q4 EPS of ($0.36), $0.24 better than the analyst estimate of ($0.60). Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.29 billion.

Outlook

While we will continually monitor the roll out of the vaccine and its impact on the demand for the travel industry, we cannot predict when increases in the travel industry will occur. Due to these macro uncertainties, we are not providing guidance at this time. However, we remain optimistic about those factors we can control in 2021 and specifically around our ability to minimize cost accretion as revenues return. We believe these actions will position us to be a structurally more profitable company when travel demand normalizes.

For earnings history and earnings-related data on Avis Budget Group (CAR) click here.

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