![]() ![]() Expansion of connected cars fleet allows streamlining of operations and cost reduction. Growth Factors: Avis Budget is focused on expanding its connected vehicles fleet, having crossed the 200,000 connected cars mark in 2019. It has a trailing four-quater earnings surprise of 82.9%, on average. The company outpaced the consensus mark in three of the last four quarters (missing the same in one). Positive Earnings Surprise History: Avis Budget has an impressive earnings surprise history. The Zacks Consensus Estimate for 2021 has narrowed from a loss of 30 cents per share to a loss of 28 cents in the past 90 days. Over the same period, the Zacks Consensus Estimate for fiscal 2021 moved up 6.7%. Northward Estimate Revisions: One estimate for fiscal 2021 moved north in the past 60 days versus no southward revision, reflecting analysts’ confidence in the company. ![]()
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