Sonic Automotive Inc expected to post earnings of $1.43 a share - Earnings Preview

Sonic Automotive

22/10/2024 15:13

* Sonic Automotive Inc  SAH.N   SAH  is expected to show a
fall in
quarterly revenue when it reports  results on October 24 for the
period ending September 30 2024
    * The Charlotte North Carolina-based  company is expected to
report a 2.6% decrease in revenue to $3.55 billion from $3.64
billion a year ago, according to the mean estimate from 7
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Sonic Automotive Inc is
for
earnings of $1.43 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and no "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 $63.00​, above​ its last closing price of $54.85. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  1.36        1.38       1.47      Beat    6.7
 Mar. 31 2024  1.29        1.30       1.36      Beat    4.8
 Dec. 31 2023  1.85        1.87       1.63      Missed  -12.7​
 Sep. 30 2023  1.81        1.79       2.02      Beat    12.6
 ​​Jan.        1.67        1.65       1.83      Beat    10.8
 1 0001                                                 
 Mar. 31 2023  1.82        1.86       1.33      Missed  -28.5​
 Dec. 31 2022  2.21        2.22       2.61      Beat    17.6
 Jan. 1 0001   2.49        2.47       2.23      Missed  -9.9
 This summary was machine generated October 22 at 14:12 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)