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

Sonic Automotive

27/07/2023 13:01

* Sonic Automotive Inc  SAH.N  reported quarterly adjusted
earnings of $1.83​​ per share for the quarter ended in June. The
mean expectation of seven analysts for the quarter was
for earnings of $1.65 per share.
    * Revenue rose 0% to $3.65 billion from a year ago; analysts
expected $3.60 billion. 
    * Sonic Automotive Inc's reported EPS for the quarter was 65
cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Sonic Automotive Inc shares had risen by 7.1% this
quarter and
gained 3.7% so far this year.
    * The company reported quarterly net income of $23.4
million.
    * Wall Street's median 12-month price target for Sonic
Automotive
Inc is $55.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
27 at 12:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.65           1.83           Beat
 Mar. 31 2023      1.86           1.33           Missed
 Dec. 31 2022      2.22           2.61           Beat
 Sep. 30 2022      2.47           2.23           Missed