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

Asbury Automotive

02/08/2024 15:22

* Asbury Automotive Group Inc  ABG.N  reported quarterly
adjusted
earnings of $6.40​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $8.95.  The mean expectation of eight analysts for the
quarter was for earnings of $7.33 per share. Wall Street
expected results to range from $6.75  to $8.13 per share.
    * Revenue rose 13.5% to $4.25 billion from a year ago;
analysts
expected $4.31 billion. 
    * Asbury Automotive Group Inc's reported EPS for the quarter
was
$1.39​.
    * The company reported quarterly net income of $28.1
million.
    * Asbury Automotive Group Inc shares had risen by 15.6% this
quarter and gained 17.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.2%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the auto
vehicles,
parts & service retailers peer group is also "hold"

Wall Street's median 12-month price target for Asbury Automotive
Group Inc is $235.00 
This summary was machine generated from LSEG data August 2 at
02:21 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      7.33           6.40           Missed
 Mar. 31 2024      7.76           7.21           Missed
 Dec. 31 2023      7.67           7.12           Missed
 Sep. 30 2023      8.44           8.12           Missed