Sonic Automotive Inc reports results for the quarter ended in December - Earnings Summary

Sonic Automotive

14/02/2024 14:18

* Sonic Automotive Inc  SAH.N  reported quarterly adjusted
earnings of $1.63​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $2.61.  The mean expectation of seven analysts for the
quarter was for earnings of $1.87 per share. Wall Street
expected results to range from $1.70  to $2.11 per share.
    * Revenue fell 0.2% to $3.58 billion from a year ago;
analysts
expected $3.62 billion. 
    * Sonic Automotive Inc's reported EPS for the quarter was
$1.11​.
    * The company reported quarterly net income of $38.7
million.
    * Sonic Automotive Inc shares had risen by 2.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and 4 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Sonic
Automotive
Inc is $55.00 

This summary was machine generated from LSEG data February 14 at
02:17 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
 Dec. 31 2023      1.87           1.63           Missed
 Sep. 30 2023      1.79           2.02           Beat
 Jun. 30 2023      1.65           1.83           Beat
 Mar. 31 2023      1.86           1.33           Missed