Lithia Motors Inc expected to post earnings of $9.26 a share - Earnings Preview

Lithia Motors

24/07/2023 19:34

* Lithia Motors Inc  LAD.N   LAD  is expected to show a rise
in
quarterly revenue when it reports  results on July 26. 
    * The Medford Oregon-based  company is expected to report  a
9.4% increase in revenue to $7.924 billion from $7.24 billion a
year ago, according to the mean estimate from 10 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Lithia Motors Inc
is for
earnings of $9.26 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"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 $316.5​, above​ its last closing price of $298.74. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  8.74        8.77       8.44      Missed  -3.8
 Dec. 31 2023  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
 ​​Mar.        10.38       10.09      11.96     Beat    18.5
 31 2022                                                
 Dec. 31 2021  10.48       10.14      11.39     Beat    12.3​
 Sep. 30 2021  9.60        9.28       11.21     Beat    20.8
 Jun. 30 2021  6.36        6.17       11.12     Beat    80.1
 This summary was machine generated July 24 at 18:33 GMT.  All
figures in US dollars  unless otherwise stated