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Sonic Automotive (SAH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CHARLOTTE, N.C.--(BUSINESS WIRE)--$2 MILLION HURRICANE RELIEF DONATION MADE BY FOUR LEADING NORTH CAROLINA COMPANIES.
Sonic Automotive is investing in online platforms and dealership acquisitions, enhancing customer experience and expanding revenue growth across the U.S. The decline in late-model used vehicles and ongoing inflation could increase the value of SAH's car inventory and boost sales. Stock repurchases and conservative FCF forecasts suggest SAH is undervalued.
Sonic (SAH) reports mixed second-quarter results, wherein earnings beat the Zacks Consensus Estimate but revenues miss the same.
While the top- and bottom-line numbers for Sonic Automotive (SAH) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Sonic Automotive (SAH) came out with quarterly earnings of $1.47 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.83 per share a year ago.
Sonic Automotive (SAH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Sonic (SAH) reports mixed first-quarter results. While earnings beat estimates and rise year over year, revenues miss expectations and fall year over year.
The better-than-expected operating profitability of Sonic Automotive's pre-owned vehicle business (EchoPark) was the main factor contributing to the company's +4.8% Q1 earnings beat. SAH has decreased its total shares outstanding by a fifth in the last four years with its active share buybacks. Sonic Automotive is awarded a Buy rating considering EchoPark's growth prospects and SAH's potential shareholder capital return.
The headline numbers for Sonic Automotive (SAH) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.