Asbury Automotive Group Inc expected to post earnings of $7.33 a share - Earnings Preview

Asbury Automotive

31/07/2024 15:57

* Asbury Automotive Group Inc  ABG.N   ABG  is expected
to show a
rise in quarterly revenue when it reports  results on August 2
for the period ending June 30 2024
    * The Duluth Georgia-based  company is expected to report a
15.2% increase in revenue to $4.311 billion from $3.74 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Asbury Automotive Group
Inc is
for earnings of $7.33 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and 1 "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 $235.00​, below​ its last closing price of $257.19.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  7.69        7.76       7.21      Missed  -7.1
 Dec. 31 2024  7.67        7.67       7.12      Missed  -7.1
 Sep. 30 2023  8.45        8.44       8.12      Missed  -3.8​
 Jun. 30 2023  8.32        8.24       8.95      Beat    8.6
 ​​Mar.        8.01        7.99       8.37      Beat    4.7
 31 2023                                                
 Dec. 31 2022  8.21        8.21       9.12      Beat    11​
 Sep. 30 2022  9.24        9.22       9.23      Beat    0.1
 Jun. 30 2022  8.86        8.82       10.04     Beat    13.8
 This summary was machine generated July 31 at 14:57 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)