Earnings Preview: Avis Budget Group

Avis Budget Group (CAR) is expected to report Q1 earnings after market close on Tuesday, May 6, with a conference call scheduled for Wednesday, May 7 at 9:00 am ET.

Guidance

Analysts are looking for EPS of 0c on revenue of $1.37B. The consensus range is (4c) to 4c for EPS, and $1.3B to $1.4B for revenue, according to First Call. Avis Budget Group gave guidance in February, announcing that for FY08, the company expected its revenue, EBITDA and pretax income to increase compared to FY07 revenue of $6B, EBITDA of $409M and pretax income of $198M, excluding unusual items.

Analyst Views

On March 31, UBS Financial said Avis could face near-term pressure from reduced airline capacity, moderating business travel trends, and moderating purchases of used vehicles. The firm assumed coverage of the company with a Neutral rating