Sonic Automotive Inc expected to post earnings of $1.79 a share - Earnings Preview

Sonic Automotive

24/10/2023 12:42

* Sonic Automotive Inc  SAH.N   SAH  is expected to show a
rise in
quarterly revenue when it reports  results on October 26. 
    * The Charlotte North Carolina-based  company is expected to
report  a 2.9% increase in revenue to $3.548 billion from $3.45
billion a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Sonic Automotive
Inc is
for earnings of $1.79 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 3 "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 $54.5​, above​ its last closing price of $45.65. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  2.21        2.22       2.61      Beat    17.6​
 Sep. 30 2022  2.49        2.47       2.23      Missed  -9.9
 ​​Jun.        2.52        2.55       2.45      Missed  -3.8
 30 2022                                                
 Mar. 31 2022  2.38        2.37       2.33      Missed  -1.5​
 Dec. 31 2021  1.91        1.85       2.66      Beat    44
 Sep. 30 2021  1.91        1.92       1.96      Beat    1.9
 This summary was machine generated October 24 at 11:42 GMT.  All
figures in US dollars  unless otherwise stated