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

Sonic Automotive

25/04/2024 16:19

* Sonic Automotive Inc  SAH.N  reported quarterly adjusted
earnings of $1.36​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.33.  The mean expectation of seven analysts
for the quarter was for earnings of $1.30 per share. Wall Street
expected results to range from $1.05  to $1.66 per share.
    * Revenue fell 3.1% to $3.38 billion from a year ago;
analysts
expected $3.45 billion. 
    * Sonic Automotive Inc's reported EPS for the quarter was
$1.20​.
    * The company reported quarterly net income of $42 million.
    * Sonic Automotive Inc shares had fallen by 10.2% this
quarter and
lost 9.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"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 April 25 at
03:18 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
 Mar. 31 2024      1.30           1.36           Beat
 Dec. 31 2023      1.87           1.63           Missed
 Sep. 30 2023      1.79           2.02           Beat
 Jun. 30 2023      1.65           1.83           Beat