Group 1 Automotive Inc reports results for the quarter ended in June - Earnings Summary

Group 1 Automotive

24/07/2024 14:31

* Group 1 Automotive Inc  GPI.N  reported quarterly adjusted
earnings of $9.80​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $11.73.  The mean expectation of seven analysts for the
quarter was for earnings of $9.36 per share. Wall Street
expected results to range from $8.50  to $10.23 per share.
    * Revenue rose 3% to $4.70 billion from a year ago; analysts
expected $4.71 billion. 
    * Group 1 Automotive Inc's reported EPS for the quarter was
$10.17​.
    * The company reported quarterly net income of $135.2
million.
    * Group 1 Automotive Inc shares had risen by 2.5% this
quarter and
held steady so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7% 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 "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto
vehicles,
parts & service retailers peer group is also "buy"

Wall Street's median 12-month price target for Group 1
Automotive Inc is $352.50 
This summary was machine generated from LSEG data July 24 at
01:31 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      9.36           9.80           Beat
 Mar. 31 2024      9.38           9.53           Beat
 Dec. 31 2023      10.44          9.50           Missed
 Sep. 30 2023      11.48          12.07          Beat