Group 1 Automotive Inc reports results for the quarter ended in September 30 - Earnings Summary

Group 1 Automotive

30/10/2024 15:09

* Group 1 Automotive Inc  GPI.N  reported quarterly adjusted
earnings of $9.90​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of $12.07.  The mean expectation of eight analysts
for the quarter was for earnings of $9.87 per share. Wall Street
expected results to range from $9.55  to $10.51 per share.
    * Revenue rose 11% to $5.22 billion from a year ago;
analysts
expected $5.07 billion. 
    * Group 1 Automotive Inc's reported EPS for the quarter was
$8.69​.
    * The company reported quarterly net income of $114.9
million.
    * Group 1 Automotive Inc shares had fallen by 7.3% this
quarter and gained 16.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"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 410.00 
This summary was machine generated from LSEG data October 30 at
03:09 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
 Sep. 30 2024      9.87           9.90           Beat
 Jun. 30 2024      9.36           9.80           Beat
 Mar. 31 2024      9.38           9.53           Beat
 Dec. 31 2023      10.44          9.50           Missed