Dollar Thrifty Automotive Group
The 10-second takeaway
For the quarter ended March 31 (Q1), Dollar Thrifty Automotive Group met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share expanded significantly.
Margins increased across the board.
Dollar Thrifty Automotive Group booked revenue of $356.3 million. The five analysts polled by S&P Capital IQ predicted a top line of $357.7 million on the same basis. GAAP reported sales were 2.3% higher than the prior-year quarter's $348.3 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 $1.35. The five earnings estimates compiled by S&P Capital IQ anticipated $1.33 per share. GAAP EPS of $1.35 for Q1 were 155% higher than the prior-year quarter's $0.53 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 48.3%, 2,080 basis points better than the prior-year quarter. Operating margin was 23.8%, 930 basis points better than the prior-year quarter. Net margin was 11.3%, 660 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $408.6 million. On the bottom line, the average EPS estimate is $1.23.
Next year's average estimate for revenue is $1.60 billion. The average EPS estimate is $5.25.
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 $79.40.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.