Sonic Automotive Inc expected to post earnings of $1.30 a share - Earnings Preview

Sonic Automotive

23/04/2024 13:20

* Sonic Automotive Inc  SAH.N   SAH  is expected to show a
fall in
quarterly revenue when it reports  results on April 25 for the
period ending March 31 2024
    * The Charlotte North Carolina-based  company is expected to
report a 1.2% decrease in revenue to $3.449 billion from $3.49
billion a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Sonic Automotive Inc is
for
earnings of $1.30 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 4 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Sonic
Automotive
Inc is $55.00​, above​ its last closing price of $49.36. ​​​

The company's guidance on February 14 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of of USD0.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.85        1.87       1.63      Missed  -12.7
 Sep. 30 2023  1.81        1.79       2.02      Beat    12.6
 Jun. 30 2023  1.67        1.65       1.83      Beat    10.8​
 Mar. 31 2023  1.82        1.86       1.33      Missed  -28.5
 ​​Dec.        2.21        2.22       2.61      Beat    17.6
 31 2022                                                
 Sep. 30 2022  2.49        2.47       2.23      Missed  -9.9​
 Jun. 30 2022  2.52        2.55       2.45      Missed  -3.8
 Mar. 31 2022  2.38        2.37       2.33      Missed  -1.5
 This summary was machine generated April 23 at 12:20 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)