Zipcar (Nasdaq: ZIP ) is expected to report Q2 earnings on Thursday. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Zipcar's revenues will increase 18.6% and EPS will drop 100%.
The average estimate for revenue is $73 million. On the bottom line, the average EPS estimate is $0.00.
Last quarter, Zipcar booked revenue of $59.1 million. GAAP reported sales were 20% higher than the prior-year quarter's $49.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at -$0.08. GAAP EPS were -$0.08 for Q1 against -$0.95 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 32.8%, 400 basis points better than the prior-year quarter. Operating margin was -3%, 640 basis points better than the prior-year quarter. Net margin was -5.2%, 720 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $290.9 million. The average EPS estimate is $0.13.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 864 members rating the stock outperform and 80 members rating it underperform. Among 243 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 219 give Zipcar a green thumbs-up, and 24 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Zipcar is outperform, with an average price target of $19.58.
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