Dollar Thrifty Automotive Group
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Dollar Thrifty Automotive Group beat slightly on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share dropped.
Margins contracted across the board.
Dollar Thrifty Automotive Group recorded revenue of $460.6 million. The five analysts polled by S&P Capital IQ foresaw revenue of $453.8 million on the same basis. GAAP reported sales were 2.0% higher than the prior-year quarter's $451.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $2.03. The six earnings estimates compiled by S&P Capital IQ forecast $1.67 per share. GAAP EPS of $1.91 for Q3 were 10% lower than the prior-year quarter's $2.13 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.8%, 470 basis points worse than the prior-year quarter. Operating margin was 22.0%, 590 basis points worse than the prior-year quarter. Net margin was 12.0%, 270 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $354.0 million. On the bottom line, the average EPS estimate is $0.75.
Next year's average estimate for revenue is $1.56 billion. The average EPS estimate is $5.54.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dollar Thrifty Automotive Group is hold, with an average price target of $82.60.
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