Avis Budget Group (CAR) Reports In-Line Q2 EPS

Avis Budget Group (NASDAQ: CAR) reported Q2 EPS of $0.57, in-line with the analyst estimate of $0.57. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.35 billion.

OutlookOur full-year 2018 outlook includes non-GAAP financial measures and excludes the effect of future changes in currency exchange rates. The Company believes that it is impracticable to provide a reconciliation to the most comparable GAAP measures due to the forward-looking nature of these forecasted Adjusted earnings metrics and the degree of uncertainty associated with forecasting the reconciling items and amounts. The Company further believes that providing estimates of the amounts that would be required to reconcile the forecasted adjusted measures to forecasted GAAP measures would imply a degree of precision that would be confusing or misleading to investors. The after-tax effect of reconciling items could be significant to the Company’s future quarterly or annual results.

The Company today updated its estimated full-year 2018 results as follows:

(Street sees FY EPS of $3.54 on revenue of $9.27 billion)

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

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