Asbury Automotive Group Inc expected to post earnings of $6.58 a share - Earnings Preview

Asbury Automotive

25/10/2024 14:13

* Asbury Automotive Group Inc  ABG.N   ABG  is expected
to show a
rise in quarterly revenue when it reports  results on October 29
for the period ending September 30 2024
    * The Duluth Georgia-based  company is expected to report a
17.3% increase in revenue to $4.301 billion from $3.67 billion a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Asbury Automotive Group
Inc is
for earnings of $6.58 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Asbury
Automotive
Group Inc is 240.00​, above​ its last closing price of $225.14.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  7.17        7.33       6.40      Missed  -12.7
 Mar. 31 2024  7.69        7.76       7.21      Missed  -7.1
 Dec. 31 2023  7.67        7.67       7.12      Missed  -7.1​
 Jan. 1 0001   8.45        8.44       8.12      Missed  -3.8
 ​​Jun.        8.32        8.24       8.95      Beat    8.6
 30 2023                                                
 Mar. 31 2023  8.01        7.99       8.37      Beat    4.7​
 Jan. 1 0001   8.21        8.21       9.12      Beat    11
 Jan. 1 0001   9.24        9.22       9.23      Beat    0.1
 This summary was machine generated October 25 at 13:12 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)