Compared to Estimates, Avis Budget (CAR) Q2 Earnings: A Look at Key Metrics

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Avis Budget performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Americas - Per-Unit Fleet Costs per Month: $301 per unit fleet cost per month compared to the $339.5 per unit fleet cost per month average estimate based on three analysts.
• Americas - Average Rental Fleet: 489,192 versus the three-analyst average estimate of 514,222.
• International - Per-Unit Fleet Costs per Month: $266 per unit fleet cost per month versus the three-analyst average estimate of $284.4 per unit fleet cost per month.
• Americas - Revenue per Day, excluding exchange rate effects: $70.22 compared to the $70.39 average estimate based on three analysts.
• Americas - Rental Days: 32,597.00 Days versus the three-analyst average estimate of 33,735.68 Days.
• Americas - Vehicle Utilization: 73.2% versus 72.1% estimated by three analysts on average.
• International - Vehicle Utilization: 70.8% versus 71.4% estimated by three analysts on average.
• International - Rental Days: 11,310.00 Days versus the three-analyst average estimate of 11,190.65 Days.
• Total - Rental Days: 43,907.00 Days compared to the 45,055.13 Days average estimate based on three analysts.
• International - Average Rental Fleet: 175,446 compared to the 174,184 average estimate based on three analysts.
• Geographic Revenue- International: $710 million versus $699.83 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.4% change.
• Geographic Revenue- Americas: $2.29 billion versus the three-analyst average estimate of $2.37 billion. The reported number represents a year-over-year change of -1.9%.

View all Key Company Metrics for Avis Budget here>>>

Shares of Avis Budget have returned +5.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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