Avis Budget Group (Nasdaq: CAR) reported earnings on May 1. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Avis Budget Group met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share dropped significantly. GAAP loss per share grew.

Margins dropped across the board.

Revenue details
 Avis Budget Group logged revenue of $1.69 billion. The five analysts polled by S&P Capital IQ wanted to see revenue of $1.69 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.08. The eight earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. Non-GAAP EPS of $0.08 for Q1 were 33% lower than the prior-year quarter's $0.12 per share. GAAP EPS were -$0.43 for Q1 versus -$0.22 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 22.1%, 330 basis points worse than the prior-year quarter. Operating margin was 6.9%, 300 basis points worse than the prior-year quarter. Net margin was -2.7%, 130 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $1.99 billion. On the bottom line, the average EPS estimate is $0.68.

Next year's average estimate for revenue is $7.86 billion. The average EPS estimate is $2.33.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 255 members out of 389 rating the stock outperform, and 134 members rating it underperform. Among 107 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 give Avis Budget Group a green thumbs-up, and 37 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avis Budget Group is outperform, with an average price target of $29.88.

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