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Avis Budget Group Inc Raises FY 2013 Guidance


Wednesday, 1 May 2013 04:15pm EDT 

Avis Budget Group Inc announced that for fiscal 2013, it expects revenue to be approximately $7.8 billion to $8.0 billion and expects Adjusted EBITDA to be approximately $750 million to $855 million, excluding certain items. The changes in the Company's expected 2013 revenue and Adjusted EBITDA are entirely due to the acquisition of Zipcar. The Company also estimates its pretax income to be approximately $375 million to $485 million, excluding certain items and estimates that its fiscal 2013 diluted earnings per share, excluding certain items, will be approximately $2.00 to $2.60. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $7.8 billion, EBITDA of $832 million, pre-tax profit of $442 million and EPS of $2.33 for fiscal 2013. 

Company Quote

65.07
0.84 +1.31%
26 Dec 2014