Lithia Motors Inc expected to post earnings of $7.60 a share - Earnings Preview

Lithia Motors

21/10/2024 17:08

* Lithia Motors Inc  LAD.N   LAD  is expected to show a rise
in
quarterly revenue when it reports  results on October 23 for the
period ending September 30 2024
    * The Medford Oregon-based  company is expected to report a
14.7% increase in revenue to $9.497 billion from $8.28 billion a
year ago, according to the mean estimate from 11 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Lithia Motors Inc is for
earnings of $7.60 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Lithia
Motors Inc
is 345.00​, above​ its last closing price of $313.88. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   6.97        7.03       7.87      Beat    12
 Mar. 31 0001  7.77        7.89       6.11      Missed  -22.6
 Jan. 1 0001   8.22        8.24       8.24      Met     0.1​
 Sep. 30 2023  10.23       10.08      9.25      Missed  -8.2
 ​​Jun.        9.32        9.26       10.91     Beat    17.8
 30 2023                                                
 Mar. 31 2023  8.74        8.77       8.44      Missed  -3.8​
 Jan. 1 0001   10.05       10.10      9.05      Missed  -10.4
 Sep. 30 2022  11.91       11.84      11.08     Missed  -6.4
 This summary was machine generated October 21 at 16:08 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)