Asbury Automotive Group Inc expected to post earnings of $8.16 a share - Earnings Preview

Asbury Automotive

21/07/2023 16:35

* Asbury Automotive Group Inc  ABG.N   ABG  is expected
to show a
fall in quarterly revenue when it reports  results on July 25. 
    * The Duluth Georgia-based  company is expected to report  a
5.0% decrease in revenue to $3.751 billion from $3.95 billion a
year ago, according to the mean estimate from 6 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Asbury Automotive
Group
Inc is for earnings of $8.16 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"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 $272.5​, above​ its last closing price of $243.08.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  8.01        7.99       8.37      Beat    4.7
 Dec. 31 2023  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
 ​​Mar.        9.02        8.94       9.27      Beat    3.7
 31 2022                                                
 Dec. 31 2021  6.16        6.05       7.46      Beat    23.3​
 Sep. 30 2021  6.35        6.25       7.36      Beat    17.8
 Jun. 30 2021  5.27        5.09       7.78      Beat    53
 This summary was machine generated July 21 at 15:35 GMT.  All
figures in US dollars  unless otherwise stated