Asbury Automotive Group Inc reports results for the quarter ended in June - Earnings Summary

Asbury Automotive

25/07/2023 14:32

* Asbury Automotive Group Inc  ABG.N  reported quarterly
adjusted
earnings of $8.95​​ per share for the quarter ended in June. The
mean expectation of eight analysts for the quarter was
for earnings of $8.24 per share.
    * Revenue fell 5.3% to $3.74 billion from a year ago;
analysts
expected $3.80 billion. 
    * Asbury Automotive Group Inc's reported EPS for the quarter
was
$9.34​.
    * The mean earnings estimate of analysts had risen by
about 4.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Asbury Automotive Group Inc shares had fallen by 3.1% this
quarter and gained 30.0% so far this year.
    * The company reported quarterly net income of $196.4
million.
    * Wall Street's median 12-month price target for Asbury
Automotive
Group Inc is $272.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
25 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      8.24           8.95           Beat
 Mar. 31 2023      7.99           8.37           Beat
 Dec. 31 2022      8.21           9.12           Beat
 Sep. 30 2022      9.22           9.23           Beat