Lithia Motors Inc expected to post earnings of $7.03 a share - Earnings Preview

Lithia Motors

30/07/2024 19:39

* Lithia Motors Inc  LAD.N   LAD  is expected to show a rise
in
quarterly revenue when it reports  results on August 1 for the
period ending June 30 2024
    * The Medford Oregon-based  company is expected to report a
15.0% increase in revenue to $9.332 billion from $8.11 billion a
year ago, according to the mean estimate from 10 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Lithia Motors Inc is for
earnings of $7.03 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 5
"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 Lithia
Motors Inc
is $325.00​, above​ its last closing price of $264.11. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  7.77        7.89       6.11      Missed  -22.6
 Dec. 31 2024  8.22        8.24       8.24      Met     0.1
 Sep. 30 2023  10.23       10.08      9.25      Missed  -8.2​
 Jan. 1 0001   9.32        9.26       10.91     Beat    17.8
 ​​Mar.        8.74        8.77       8.44      Missed  -3.8
 31 2023                                                
 Jan. 1 0001   10.05       10.10      9.05      Missed  -10.4​
 Sep. 30 2022  11.91       11.84      11.08     Missed  -6.4
 Jun. 30 2022  12.36       12.08      12.18     Beat    0.8
 This summary was machine generated July 30 at 18:38 GMT.  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)