Dollar Thrifty Automotive Group Inc. reported net income on top of Wall Street?s expectations for the fourth quarter. Dollar Thrifty Automotive Group operates in the United States and Canada and, through the Dollar and Thrifty brands, is especially intent in the commercial operation of the every day let of vehicles to commercial operation and convenience business through company-owned stores.
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Dollar Thrifty Automotive Group Earnings Cheat Sheet for the Fourth Quarter
Results: Net income for Dollar Thrifty Automotive Group Inc. rose to $33.9 million ($1.08 per share) vs. $12.5 million (41 cents per share) in the same entertain a year earlier. This is a more than duplicate climb from the year-earlier quarter.
Revenue: Rose 1.3% to $353.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dollar Thrifty Automotive Group Inc. reported practiced net income of $1.09 per share. By that measure, the association kick the meant guess of 75 cents per share. Analysts were awaiting income of $355.6 million.
Quoting Management: ?We are gratified to make known that for the second uninterrupted year, the Company is stating record earnings,? pronounced Scott L. Thompson, Chairman, President and Chief Executive Officer. ?During 2011, we benefitted from a strong used car market, a recuperating transport marketplace with augmenting direct for value-oriented product offerings, and our ongoing concentration on responsibility control and capability initiatives.?
Key Stats:
The association has right away seen the net income enlarge for 3 uninterrupted quarters. In the third quarter, net income rose 35.5% and in the second quarter, the figure rose 0.6%.
The association has right away surpassed researcher estimates for 4 buliding in a row. It kick the symbol by fifteen cents in the third quarter, by 6 cents in the second quarter, and by sixteen cents in the initial quarter.
Margins were up in the third quarter, following a dump in the prior quarter. Gross domain grew 0.8 commission indicate from the year-earlier entertain to 52.6%. In the second quarter, the figure rose 1.5 commission points to 52.5% from the year progressing quarter.
The company?s income has right away risen for two true quarters. In the third quarter, income increasing 1.8% to $451.7 million from the year-earlier quarter.
Looking Forward: The normal guess for the initial entertain of the subsequent mercantile year stays unvaried at 73 cents a share. The normal guess for the mercantile year has depressed to $4.80 per share from $4.81 7 days ago.
(Company fundamentals supposing by Xignite Financials. Earnings estimates supposing by Zacks)
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To contact the contributor on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com
To contact the editor obliged for this story: Damien Hoffman at editors@wallstcheatsheet.com
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