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

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Avis Budget Group met expectations on revenues and missed estimates on earnings per share.

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

Gross margins contracted, operating margins shrank, net margins grew.

Revenue details
Avis Budget Group notched revenue of $2.17 billion. The six analysts polled by S&P Capital IQ wanted to see net sales of $2.17 billion on the same basis. GAAP reported sales were 34% higher than the prior-year quarter's $1.62 billion.

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 $1.46. The eight earnings estimates compiled by S&P Capital IQ forecast $1.53 per share. GAAP EPS of $2.38 for Q3 were 266% higher than the prior-year quarter's $0.65 per share.

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 32.2%, 140 basis points worse than the prior-year quarter. Operating margin was 19.5%, 50 basis points worse than the prior-year quarter. Net margin was 12.9%, 780 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.65 billion. On the bottom line, the average EPS estimate is -$0.04.

Next year's average estimate for revenue is $7.34 billion. The average EPS estimate is $2.51.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 238 members out of 374 rating the stock outperform, and 136 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Avis Budget Group a green thumbs-up, and 41 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avis Budget Group is buy, with an average price target of $24.38.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.