Sonic Automotive Inc expected to post earnings of $1.38 a share - Earnings Preview

Sonic Automotive

02/08/2024 15:16

* Sonic Automotive Inc  SAH.N   SAH  is expected to show a
fall in
quarterly revenue when it reports  results on August 5 for the
period ending June 30 2024
    * The Charlotte North Carolina-based  company is expected to
report a 1.9% decrease in revenue to $3.583 billion from $3.65
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 $1.38 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 2 "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 Sonic
Automotive
Inc is $62.00​, above​ its last closing price of $58.34. ​​​

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  1.29        1.30       1.36      Beat    4.8
 Dec. 31 2024  1.85        1.87       1.63      Missed  -12.7
 Jan. 1 0001   1.81        1.79       2.02      Beat    12.6​
 Jan. 1 0001   1.67        1.65       1.83      Beat    10.8
 ​​Mar.        1.82        1.86       1.33      Missed  -28.5
 31 2023                                                
 Dec. 31 2022  2.21        2.22       2.61      Beat    17.6​
 Sep. 30 2022  2.49        2.47       2.23      Missed  -9.9
 Jun. 30 2022  2.52        2.55       2.45      Missed  -3.8
 This summary was machine generated August 2 at 14:15 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)