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

Sonic Automotive

26/10/2023 15:37

* Sonic Automotive Inc  SAH.N  reported quarterly adjusted
earnings of $2.02​​ per share for the quarter ended in
September. The mean expectation of seven analysts for the
quarter was for earnings of $1.79 per share.
    * Revenue rose 5.7% to $3.64 billion from a year ago;
analysts
expected $3.55 billion. 
    * Sonic Automotive Inc's reported EPS for the quarter was
$1.92​.
    * The mean earnings estimate of analysts had risen by
about 2.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Sonic Automotive Inc shares had fallen by 9.3% this
quarter and
lost 12.1% so far this year.
    * The company reported quarterly net income of $68.4
million.
    * Wall Street's median 12-month price target for Sonic
Automotive
Inc is $54.50 
    * 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
October 26 at 02:37 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      2.22           2.61           Beat