Lithia Motors Inc reports results for the quarter ended in March - Earnings Summary

Lithia Motors

24/04/2024 20:23

* Lithia Motors Inc  LAD.N  reported quarterly adjusted
earnings
of $6.11​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of
$8.44.  The mean expectation of eleven analysts for the quarter
was for earnings of $7.89 per share. Wall Street expected
results to range from $6.96  to $8.50 per share.
    * Revenue rose 22.7% to $8.56 billion from a year ago;
analysts
expected $8.59 billion. 
    * Lithia Motors Inc's reported EPS for the quarter was
$5.89​.
    * The company reported quarterly net income of $162.6
million.
    * Lithia Motors Inc shares had fallen by 12.1% this
quarter and
lost 19.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9% 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 9 "strong buy" or "buy," 5
"hold" and 1 "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 Lithia Motors Inc
is $350.00 
This summary was machine generated from LSEG data April 24 at
07:23 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
 Mar. 31 2024      7.89           6.11           Missed
 Dec. 31 2023      8.24           8.24           Met
 Sep. 30 2023      10.08          9.25           Missed
 Jun. 30 2023      9.26           10.91          Beat